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TENCENT MUSIC ENTERTAINMENT GROUPTENCENT MUSIC ENTERTAINMENT GROUPTENCENT MUSIC ENTERTAINMENT GROUP

TENCENT MUSIC ENTERTAINMENT GROUP

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1698 trade ideas

TME: Approaching 3 Layer SupportTencent Music's fluky selloff was the result of Archegos Capital's reckless overleveraging. However, this selloff has created an interesting opportunity to buy off of weekly trendline, horizontal, and 50 day SMMA support. The fundamentals of TenCent remain unchanged and many Wall St. analysts maintain an average $25 price target despite the selloff. Revenue + Net Profit continue to increase QoQ. This may be a great opportunity to grab some shares of China's #1 music streaming company.
NYSE:TMELong
by douglasjlupo
Drama on the Stock Exchange 2.0 - TENCENT MUSIC Buy Now!Hello dear readers, In the last TENCENT Music analysis , I also talked about the reasons for the massive sell-off in Tencent and then created a trading plan. Now the price is in the buy zone and I will build a long position. The reasons are: - The sell-off was triggered by a Blackswan event. - The price is at a strong cross support of golden pocket, trend lines and horizontal support levels. - Volume is falling, the MACD shows a weakening of the downward trend. - Of course, everything could turn out quite differently here. But all in all, I think that the probability of a nice long trade looks quite good when all factors are taken into account. Now we have to be patient. As always, it is "do your own research" - I am not an investment advisor and this analysis only reflects my personal opinion and is not a call for individual action! If you want to support my work I would be happy about a Like & Follow 🙏 Many greetings & success! Chartdigger
NYSE:TMELong
by CRV_Trader
3
Naked PUT for $TME crash with 87% Probability of ProfitMy tasty pick for yesterday: Tencenrt Muc Entertainment big crash. (1) Prev. support holds (2) Fibo resistance at fast fall holds Max profit: $120 Probability of Profit: 87% Profit Target relative to my Buying Power: 31% Max loss with my risk management: ~$150 Req. Buy Power: $380 (max loss without management at expiry, no way to let this happen!) Tasty IVR: 104 (ultra high) Expiry: 56 days Sell 2 TME May21' 15 Put Short put option for 0.6 cr each. Stop/my risk management : Closing immediately if daily candle is closing BELOW the box, max loss in my calculations in this case could be 150$. Probability of loss in this way: ~7% (!!!) Take profit strategy: 60% of max.profit in this case with auto sell order at 0.24db. Probability of profit this way: ~85%. Of course I'll not wait until expiry in any case! If you liked this article, check my other ideas. Anyway: HIT THE LIKE BUTTON BELOW , and for fresh option ideas FOLLOW ME( @mrAnonymCrypto ) on tradingview !
NYSE:TMELong
by TanukiTrade
Very bullish on this oneLooking good on TME in my opinion making all time highs. Very very impressive technicals and especially fundamentals with continuing uptrend of revenue and EPS and would probably fit a CANSLIM stock selection. In terms of pricing, compared to other china stocks like BILI, BIDU, etc. with impressive fundamentals. TME should reach $100 per share as well near their pricings. Probably after this bear market were experiencing right now and low volume, TME would have a high possibikilty it wont go back to this $20 per share right now. Addition to that, you can see a huge volume the other day which represents intstitutional entry plus RSI indicates were almost on the oversold side which is a good entry point.
NYSE:TMELong
by denebr
2