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TENCENT HOLDINGS LIMITED

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700 (HKX) - TENCENT Go BullishGreetings Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, do not be hesitant to send us message (inbox). Our Service : Signal recomendation, Trading Course, Portofolio Consultation for multi asset such as Stock, FX, Derivative, Crypto, etc Strategy - Please care for Money Management - Have a good psychology - Do not be hurry to open position - Evaluate and upgrade your trading plan Analysis 700 (HKX) - TENCENT Go Bullish
HKEX:700Long
by MultiAssetX
1
Opportunity in Chaos 2 !The same thing can be said for Tencent too. Read my analysis on Alibaba here In the 4H chart, I am queuing to buy at 502 support line , a strong support in the past months. However, if the government is pushing its envelope and step on the accelerator in regulating these Tech giants, we could possibly see the share price drop even further to 419.50. If that happens, I would buy even more. Of course, the short sellers are happy to short down these giants during this periods and that cumulative actions might cause the company to take actions to shore up the share price too. Let's review this in a month or two and see what will happen......
HKEX:700Long
by dchua1969
Tencent might see further downside given more stricter scrutiny!China’s antitrust watchdog fined Alibaba Group Holding Ltd. and a Tencent Holdings Ltd. unit over a pair of years-old acquisitions and said it’s reviewing an impending Tencent-led merger, signaling Beijing’s intention to tighten oversight of internet sector deals. The penalties come after regulators last month declared their intention to increase scrutiny of China’s largest tech corporations with new anti-monopoly rules. Beijing in November unveiled draft regulations that establish a framework for curbing anti-competitive behavior such as colluding on sharing sensitive consumer data, alliances that squeeze out smaller rivals and subsidizing services at below cost to eliminate competitors. Shares in Alibaba and Tencent extended losses and closed down more than 2.5%.
HKEX:700Short
by ella519