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Tencent Holding Ltd.

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TCEHY trade ideas

FOMO : Should we chase or not chase ?Using one of my favourite stock as an example, we can see from the weekly chart that price has gone up by 42% from the low of 190.6 which was the first buy zone. Second buy zone was at 264 price level and the third price was at 348. We can witness the 4th buy zone soon after it breaks above the resistance at 458. As it is a week long holidays in China, the market remain closed. What will happen after a week? I think the FOMO will continue as consumers are not gaining confidence from the government stimulus in both property and stock purchase. It could also retrace to the 400+ price level , afterall it has rallied continuously for a few consecutive days. A pull back is good ! Don't beat yourself up for missing the lowest price level at buy zone 1 ,it is fine so long as you ride the trend at buy zone 2 and/or 3.
HKEX:700Long
by dchua1969
Tencent Holdings (TCEHY) Analysis Company Overview: Tencent Holdings OTC:TCEHY is poised for growth as the regulatory environment in China becomes more favorable, particularly in the gaming sector. The resumption of gaming license approvals has revitalized the market, allowing Tencent to launch new titles that resonate with consumers. Key Catalysts: Regulatory Recovery: The easing of regulatory scrutiny around gaming licenses has set the stage for Tencent to reinvigorate its gaming portfolio. Success of Dungeon & Fighter Mobile: The release of Dungeon & Fighter Mobile has been a standout success, generating $270 million in iOS revenue within the first 30 days. This performance highlights strong consumer demand and effective marketing strategies. Future Revenue Potential: Analysts forecast that Dungeon & Fighter Mobile could generate between RMB 15-18 billion in 2024, positioning it as Tencent’s most commercially successful game in five years, which bodes well for the company's overall revenue growth. Investment Outlook: Bullish Outlook: We are bullish on Tencent above $47.00-$48.00, reflecting confidence in its ability to capitalize on the resurgent gaming market. Upside Potential: Our target for TCEHY is $70.00-$72.00, driven by the anticipated success of new game launches and a healthier regulatory landscape. 🚀 TCEHY—Unlocking Growth in Gaming and Beyond. #Gaming #Tencent #MarketRecovery
OTC:TCEHYLong
by Richtv_official
Tencent Holdings LtdIs Tencent Stock a Buy Now? Tencent posted its third quarter earnings report on Nov. 16. The Chinese tech giant's revenue fell 2% year over year to 140.1 billion yuan ($19.8 billion), which represented its second consecutive quarter of declining revenue since its IPO in 2004. Its net profit rose 1% to 39.9 billion yuan ($5.6 billion). On an adjusted basis, which excludes its investments and other one-time items, its net profit grew 2% to 32.3 billion yuan ($4.5 billion). Those growth rates seem anemic, but Tencent's stock had already been cut in half over the past two years amid concerns about China's tightening regulations, slowing economic growth, and COVID19 lockdowns. So is it the right time to take the contrarian view and buy Tencent as a turnaround play? Let's review its core businesses and valuations to decide. Tencent generated 31% of its third quarter revenue from its video game business. Domestic games, which include its blockbuster game Honor of Kings, accounted for 73% of that total. The remaining 27% came from overseas hits like League of Legends, Valorant, and PUBG Mobile.Its domestic gaming revenue fell 7% year over year, representing its third consecutive quarter of shrinking revenue, as it grappled with tighter playtime restrictions for minors in China over the past year. Those restrictions also coincided with a temporary suspension on new video game approvals in China, which started last July and ended this April.Its international gaming revenue rose 3% year over year, accelerating from its 1% decline in the second quarter, as new games like Tower of Fantasy and Goddess of Victory: Nikke attracted new players. Unfortunately, its overseas growth still couldn't offset its declining domestic revenue. As a result, Tencent's total VAS (value-added service) revenue which includes its gaming divisions, social media platforms, and streaming media subscriptions -- declined by 3% in the third quarter but still accounted for more than half of its top line. This core business might gradually stabilize as Tencent expands its international gaming business, but it will likely remain under intense pressure as long as the Chinese government continues to scrutinize the gaming industry. 200$ was one of the biggest support and great opportunity to buying the dip. 300-320$ is a big resistance level for tencent and if bulls win that battle then 350$ is next but can we back 250 or even 200$ again? YES
HKEX:700
by moonypto
11
ICT Long setup of a Hong Kong stock: Tencent (700)👋Hello Traders, Our 🖥️ AI system detected that there is an H1 or higher timeframe ICT Long setup in Hong Kong stock : 700 for Swing trade. Please refer to the details Stop loss, FVG(Buy Zone),open for take profit. For more ideas, you are welcome to visit our profile in tradingview. Have a good day! Please give this post a like if you like this kind of simple idea, your feedback will bring our signal to next better level, thanks for support!
HKEX:700Long
by ICT_Trader_SB
1
Tencent (700): Ambitious Targets - Preparing for a BreakoutFor Tencent Holdings Ltd. on the Hong Kong Exchange, we're seeing a scenario where the subordinate Wave (2) has likely concluded between the 61.8% and 78.6% Fibonacci retracement levels around 260 HKD. We anticipate a breakout from this range heading upwards, ideally reaching the target zone for Wave (3) between 227% and 361.8% Fibonacci extensions, which translates to approximately 870 HKD to 1100 HKD. Though this target is quite ambitious, it remains plausible in the long-term scenario for Tencent. On the 4-hour chart for Tencent Holdings, we are observing a subordinate Wave 1 structure, which should be formed as a 5-wave structure heading upwards. The wave ((iii)) in this sequence has likely concluded at the high-volume node edge, fitting neatly between the 227.2% and 261.8% extension levels for Wave ((iii)). For the anticipated Wave ((iv)), we expect a more pronounced sell-off to between the 50% and 61.8% Fibonacci retracement levels, reaching down to our point of control, indicating significant buying interest at these levels. We'll place our stop-loss below the 61.8% Fibonacci level and beneath the maximum level where Wave ((iv)) can feasibly fall without invalidating our scenario. A brief dip into the level of Wave ((i)) is tolerable, but a prolonged stay would challenge the validity of our setup. We've also respected the trendline well, attempting a retest that should hold if valid, hence not anticipating a further drop. Our upward target is initially set at 416 HKD, beyond which we will look for new entries for a superior Wave 2 and continue to adjust our stop-loss from Wave ((iv)) accordingly.
HKEX:700Long
by freeguy_by_wmc
Tencent Major Trend ReboundHKEX:700 after years of down trend it is showing some sign of trend bottoming. Mainly supported by company share-buyback in the past few weeks. While selling pressure from the market is not strong to pull the price lower after each selling. This is indicating that the selling pressure is weak. Which supports the kick start of a bullish trend. In short term, the price movement continue to show bullish where the selling pressure erased with price marking back higher after sell down in the past 3 trading days. A short term rebound from recent retrace is on the way.
HKEX:700Long
by ROUNDnSURGE89
TENCENT Most optimal level to sell long-termTencent Holding LTD (TCTZF) has been trading within a long-term Channel Down since the January 30 2023 High. Such +1 year consistency is hard to overlook technically, especially since the price got rejected last week not just on the Channel Down top (Lower Highs trend-line), but also on the 1D MA200 (orange trend-line). It has to be said that despite the rejection and the fact that the 1D MA200 has been essentially the Resistance since the August 10 2023 bearish break-out, it did manage a closing above it for the first time in such a long time-frame but the last Thursday - Friday strong rejection, potentially shows that the market hasn't shaken off the long-term bearish sentiment. On top of that, the 1D RSI got rejected exactly on its Resistance, the 70.00 overbought barrier, which is where it got rejected right before the last Lower High on November 14 2023. As a result we turn bearish again on this stock, targeting $32.00, which represents a -21.12% decline from the top, the lowest decline it had within this +1 year Channel Down on the March 15 2023 Low. In fact all Bearish Legs have been pretty symmetrical, ranging from -21.12% to -24.85%. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
OTC:TCTZFShort
by TradingShot
1
Tencent's Rocket Ride: Heading for 1338 HKD? For Tencent Holdings, we currently believe we are in an overarching Wave III, which should be created with a 5-wave structure upwards. This should naturally extend far beyond the Wave I level at the all-time high of 715 HKD. We anticipate a rise to at least 1338 HKD for this overarching Wave III. Wave II concluded at 188.6 HKD. Zooming in, we see that we are about to complete Waves (1) and (3) and soon enter into the Wave (3). Wave (2), as we expect, might dip slightly further, to 241 HKD. However, we are convinced that we could be in a long upward trend. Therefore, we do not want to be stopped out prematurely, as it would be quite unnecessary. A double bottom at 188 HKD cannot be ruled out. Thus, we place our entry at the 50% extension for the very subordinate Wave ((v)) and just above the 78.6% retracement level for the subordinate Wave (2). This would create what's known as a Fibonacci retracement cluster, where there should be a significant buying potential. We will see how it unfolds in the coming weeks or days. Should there be a rise above 297 HKD, we may need to reconsider our stance.
HKEX:700Long
by stromm_by_wmc
TENCENT Peak Formed YesterdayRecent short term rebound shows peak sign yesterday with morning price surge erased in the afternoon. Which indicates selling pressure are coming back after rebound. We entered into a Callable Bear Contract yesterday at the peak with the analysis of current downtrend reacts more sensitive to sign of selling pressures. Which we see a possible short term price down coming up. While there are no sign of supporting at the bottom in the past few months of price down. We might see downtrend to continue. What is Callable Bull/Bear Contract? Is a structured product like warrants & options. It is similar to Daily Leverage Certificates (DLC) listed in SGX. It provides leverage on underlying securities while limiting the risk to the trade value. At the same time it provides unlimited returns potential at a lower price per units. However, do take note of the "knock-out" feature when the underlying securities hits the contract strike price. Contract suspend & not able to "revive" after, the losses are limited to the amount you trade on the contract. About our analysis : Utilizing the dynamic insights from a 5-minute chart. By closely examining this timeframe, we dissect the intricate volume and price transactions of significant market players. Our aim is to identify short-term support and resistance levels, enabling informed trading decisions. Through this meticulous analysis, we decipher price patterns and trends, providing valuable guidance for traders navigating the fast-paced realm of stock trading. ‌
HKEX:700Short
by ROUNDnSURGE89
Is Tencent really worth pennies now ?Despite its dominance as a payment gateway with a monopolistic role in China, global leader in video games and many other businesses, the one thing that it cannot compete against is the strict government policies imposed by the Chinese government. It has fallen more than 60% from its peak 4 years ago at 700 and thereafter it has been on a downhill ever since. Business wise, it is fundamentally strong and economic moat and is constantly innovating itself in the AI space, cloud computing and strategic alliances. I shall await patiently at 200 - 246 price level to see if there is a reversal pattern for a rebound. No hurry, cheap can get cheaper now......so be cool and be patient.......if you are in for a long haul else go find other markets
HKEX:700
by dchua1969