1698 trade ideas
TME Round UpTME has just crossed back over all its moving averages, which will now act as support to help it complete its rounding formation back to the 16 level.
$TME Potential run up to earnings$TME looks to be coiling up and could potentially breakout running up to earnings.
Beware this is a Chinese companies and there's a chance any China US tensions might present a failed breakout.
MACD looking to cross positive and above the zero line
Average True Range coming down to a low of around 0.3 - which is also the same level for when the stock broke out on July 1st which can mean volatility is to be expected soon.
Look for a pullback to the 50 day MA for an entry and hopefully a breakout until then.
Consider taking profit at the green lines and we can hope for a breakout all the way to its monthly tread line of right under $19
Keep in mind I am not a financial advisor and this information is strictly for educational purposes only.
$TME closed very Bullish on Thursday and with the volume 3X high$TME closed very Bullish on Thursday and with the volume 3X higher to back up the bullish move, and today its breaking out of this $14 Resistance, i am looking at the July 17 $15 CA
TMEbasically Tencent's spotify
revenue increased over 100% y-o-y. Link: www.macrotrends.net
Trump administration is a buying a opportunity for Chinese stonks
Tencent Music Ent. $TME "Brekout"$TME just broke $13.37 out with high volume. RSI is still below the trendline though. There might be a pull back but it is very strong for an upside rally.
12 months Consensus Price Target: $16.11
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Please don't trade according to the ideas, rely on your own knowledge.
Thx
Short china company from USA pressure()
Status: Open 03/06/2020
Idea: Selling the company's shares through the purchase of Put options.
Expiration Date: 10/16/20
Strike: $12.00
Target price: $9
Max price: $105
Option target price: $365
Risk/Reward Ratio: 1/3.5
Position volume: no more than 5% of the Deposit
[ (www.marketwatch.com)
TME shares are in a downward trend. According to the chart, prices are at the upper limit of the trading range. There is reason to believe that there will be a rebound from the level. The formal reason may be news about the deterioration of trade relations between China and the United States. Chinese companies are also prone to manipulating financial statements, which creates additional risks. A clear example of such risks is the recent lucky Coffee (LK) scandal.
Out of mind, out of sightWhat does not come into your sphere of attention , you tend to forget about it over time .
My last post on this counter was here .
The price action looks to retreat , probably to 11.27 to 11.91 for support before heading higher
$TME: $12 Target by Mid MayFirst off, please don't take anything I say seriously or as financial advice. As always, this on opinion basis. That being said, let us get into a few of my key points. Looking at the three drives pattern and current past correlations, I think the positive outlook conservatively for TME is a $12 target. Other things to keep in mind is that TME been called "China's Spotify", amongst other things and have potential in the market segmentation they are trying to target. They also peaked past the $18 price point, and the negative correlation wave seems like it will pop any time now.
Can you hear the bulls moo-ing for you ?All you want to know about this company
What some analyst say about this company
Looking at the chart, it is a 3 months up, then 3 months down followed by downtrend till now.....
It has just broken out of the bearish trend line and let's be a little patient as it is going to pull back to 13.50 -13.00 (support). If this support holds, then we can initiate a buy else we wait some more to see if it falls through to the next level of support at 11.88.
As usual, we want to buy low , sell higher and ride the bullish trend up. That way, you buy once and hold for a longer period of time and then sell at maximum profits .
Tencent Music Entertainment reversal opportunity Entry level $14.33 = Target price $16.15 = Stop loss $13.79
Levels of Interest = $14.72 bullish above making a higher high
P/E ratio = 77
Short interest = 12.75%
Average Recommendation:Overweight Average Target Price:$16.17
13 BUY
00 OVERWEIGHT
05 HOLD
00 SELL
Company profile
Tencent Music Entertainment Group engages in the provision of online music entertainment services. It offers one-stop music services and solutions for smart devices, creating a complete music entertainment ecosystem. The company was founded by Jia Xin Peng on June 6, 2012 and is headquartered in Beijing, China.
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i52. TMEBeta-R:Journal. Risk Management: Compound .Level : PA . Time: Short-term - Intermediate . This is just my view follow if it aligns with yours. Ideas are not repeated rather updated.Worry about risk only.
TME Round upTME is forming a round up pattern with increasing volume. Looking for it to run up to $15 before it hits resistance before the gap in its chart. At the $15 level I would expect a slight retracement and further run up to $15.75 to fill the gap.
TME get ready to buygetting close to buy zone. completing 3rd Eliot wave now. buy after confirmation with any price action patterns like double bottom.
TME SnapbackTME has just completed its round down pattern into support. Looking for a snapback play to the upside after this stock is extremely overextended to the downside. Looking for profit at the $15 level before the gap in chart, then looking to fill the gap upwards toward $15.75
$TME BEARISH INTO EARNINGS, SENTIMENT IN THE DECLINE The market sentiment towards Chinese stocks is once again very low, restored tariffs can only lead to more pain in these stocks which are often clustered into ETF's. If overall market sentiment was to slip any further in the coming week TME will certainly suffer severe price declines. This is certainly not a stock we would be trading into earnings, but will keep on the wishlist.
Analysts average estimate $18.34
Average recommendation Overweight
6 BUY
6 HOLD
Company Description
Tencent Music Entertainment Group engages in the provision of online music entertainment services. It offers one-stop music services and solutions for smart devices, creating a complete music entertainment ecosystem.
