TENCENT breaking trend support level ..check in DAILY clearlyTENCENT breaking trend support level ..check in DAILY clearly
TCEHY trade ideas
TENCENT HOLDING Buy after Fib RejectionPrice is trading within a falling wedge pattern and is approaching key fib levels 50% and 61.8%. A rejection of these fib levels could be a signal to go long to the last swing high and possibly to the all time highs.
[Long Idea] Tencent wedgeHere we have a pretty sizable descending wedge, that may or may not break out. There is a positive divergence against MACD.
I think it will break out eventually, with central banks starting to ease again now that the Dollar is weakening a bit.
Tencent is the third largest holding in EEM, which has been looking bullish lately.
Tencent Idea Sharing (Long)Trend : Bullish
Formation :IHNS
Please look at my entry and TP. For stop loss please do it your own way, you can set it at the next support level or level that you can tolerate :)
Feel free to post any comment/question. I am more than willingly to reply you back :)
Quotes "The key to trading success is emotional discipline"
LONG TCEHYExpecting bounce from extremely oversold weekly and daily levels. If stop breached, be prepared to catch new daily reversal on lower levels with a tight stop.
TENCENT - DAILY CHARTHi, today we are going to talk about TENCENT
We observe a D1, some important points. The details are highlighted above.
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Tencent Holdings Ltd shares are dangerously close to key supportTencent Holdings Ltd shares are dangerously close to losing key support level.
We could see aa small bounce at 320 this week and then go lower from there if there is no positive news.
$Tencent Observation: Flat bottom triangle? $JSENPN $JSEPRXTencent in Hong Kong looks to be developing a flat bottom triangle pattern - otherwise known as a descending triangle. My only concern from a technical perspective is that these patterns are normally continuation patterns which develop in the direction of the preceding trend. However, there are instances when descending triangles form as reversal patterns at the end of an uptrend. Watch for a convincing daily close below the horizontal support line between (318-320). More importantly, a high volume break would provide better confirmation that this is indeed a true breakdown and will also provide a better probability that this pattern plays out. Should this technical pattern work out on a confirmed break below 318, it has a technical target of 243 HK$ which is roughly 24% away from current levels. The repercussions of this playing out has far-reaching consequences for our market given the elevated weightings which Naspers and Prosus occupy on our local indices.
What is also interesting to take note of is that the last time we saw the death cross (50dma < 200dma) in Jun/Jul 18' on Tencent, we witnessed the stock have an aggressive sell off from R400 down to R250. This death cross has once again taken place in September..
TENCENT WEAKNESSOn the weekly Chart we have a descending triange.
We also have a second descending triangle, which will break sooner or later.
Target is the 252-262 zone.
Tecent going bearish.Current tencent is going on a downward trend . Please see my pink/red line for my targeted price. Tech indicator show a bearish signal right now.
Feel free to post any comment/question or any idea that you wish to share. I am more than willingly to reply you back :)
Quotes "The key to trading success is emotional discipline"
TCEHY in a "box", if $42 breaks, we're going down to $38. Potential SHORT.
TCEHY in a "box", if $42 breaks, we're going down to $38
Similar set up was in July, 2018.
My Co-Worker is Holding This Stock? Should He Hold or Sell???I was talking to my coworker, and he is into stocks. He invested money and was up over 6k. He then gave it all back holding. He is now only up 600 bucks. I told him I would take profit, and buy the dip later. I told him to get out based on the pattern forming. I also told him not to listen to me because it was his money. Looking at this stock, and everything going on in the market, I would definitely sell. I am simply a grasshopper lol. I need some advice from some of the pros. What do you think he should do? Sell or Hold? I say sell, and buy at support.
LONG TENCENTExpecting bounce from extremely oversold weekly and daily levels. If low breached, be ready to re-enter at lower levels with tight stops until low is in.
Tencent to test 42.50 supportWatching to see if 42.50 support is held or if it reenters downward channel before considering a short position.
perfect Tencent bubbleIt only makes sense that Chinese tech sold in the US would also go through an extreme bubble. Shorting the shit out of everything including stocks that I link below
Potential death cross on HKSE 700 (Tencent) in formation 1. Would be extremely cautious as death cross forming with EMA20 and 50 crossing EMA200. Possibly around price of HK$350 in coming 2-3 trading days.
2. Oversold now but remains to see if rebound can support at $330 will hold.
3. Price has already retraced to 50% of run up to HK$480.
4. Would not enter until we see support hold at either HK$325 / HK$300 (higher probability) confirmation. Or some low chance of price falling until strong resistance at HK$260, erasing all gains.
HKEX:700
