Tencent bullish set up 7 Sept 2021Inverse head and shoulder pattern with volume acting as support. Smoothing of 50 ema, and approaching 200ema soon. Probably a good time to add when there is near retracement
Near term target price: 560 ~
TCEHY trade ideas
#700 Strong Support on the Red LineHi Everybody
There is a strong support from a weekly uptrend line (red line).
The blue line is the recent resistance level, waits for a breakthrough the blue line i guess!
Tencent Stock Hello Traders,
After China's stranglehold on video games HKEX:700 was one of the companies that suffered the most.
If you look at the weekly calendar it seems to have made support in this area.
Post your idea/analysis below for discussion.
Thank you all for your support.
For more accurate setups, stop loss, take profits and mentoring services, FX signals, Crypto, Indices and Stocks PM me.
[Analysis] Tencent (700)(HK)Even after a 47% retracement from its high, Tencent's uptrend is still intact.
Currently, there is a support/resistance formed at 410 and 510 respectively. We do see a huge volume coming in within this price range yet, the price is still holding. This suggests that there is a huge demand coming in to soak the selling. As long as the price remains above the support level at 410, we can safely say demand is coming in and the chances for price rebounding is high.
However, before the price proceeds higher, there will most likely be a prolonged consolidation period to exhaust the sellers. Hence, if you plan to buy in during this period, ensure that you have holding power. Or...
You can wait for the consolidation to happens and then buy the breakout above 510.
Show price drop below 410, we are in a deep bear territory and we should not be holding any longer.
TENCENT - First hurdle - Following the previous post in the link below , price is back at another "key" level
- Down sloping 50 day moving average
- Down Trendline
- Below the 200 day moving average
We could flag here to reset for the next push up or fade back down to earlier support zone. Im still bullish on the long term but am cautiously watching each level of resistance
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
tencent movement10cent long move tp 6.2-6.4,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
Time study about 700 Tencent700 first down wave runs 55 trading days from Feb 2021
700 second down wave runs 55 trading days from June 2021
I'm expecting 55 trading days up from the recent bottom!
happy trading!
Tencent bearish to $450 Tencent if do not go up above 620 beyond the moving average by next week and break below 590.
We would expect a fall to 500 Range and possible hitting 450-480 zone.
$450 would be an attractive price to buy and hold Tencent for the long term.
Is this the bottom? Double your money from these levels?It may or may not be the bottom, may be another $10 downwards. But this is the time to buy chinese stocks. If it looses another $10 then buy more. My long term target is $150.
Buy near the supportBuy area would be around 45 ish, the target would be around 68-70
Do your own research.
JICPT| Tencent bouncing from previous low with better earning!Hello everyone. The reported earning today is way better than the estimated number. However, I noted a gap down at the opening with previous low sitting around HKD 421.
Basically, the continuation of the crackdown on the tech companies worried investors. Today's upper wick candle suggested selling pressure.
The nearest support level is previous low of HKD 421. What's the next key support level if 421 is violated?
On the Monthly chart, HKD 394 is identified as a confluence supporting level with flip, mid-term MA and uptrend line .
Don't use up all your bullets if price drops to the level. We all know that emotion may push the price further down. But, in my opinion, HKD 394 is really a reasonable & cheap price for Tencent. I'd like to hold it for 2-3 years.
What do you think?
Give me a like if you're with me.
Tencent Long IDEATencent like any other China Tech Stock has fallen to a strong support, fundamentally I feel the regulatory changes is a good way moving forward and this companies will find a away to navigate out of this situation strongly.
History repeat itself?700, Last time Largest Share holder sold their share around mid - Mar, then, the sold off ended the same day HSI future final day. Oct 30, 2018
from the top of sold date, it drops 47.14%
This time, the same share holder sold their share beginning of Apr with high at 656.40, if we cut it by 47.14% and make the low date of HSI oct final settlement day, then. we should see
Price: 656.40-309.4 = 347
Date: OCT 28, 2021
Tencent (TCEHY, 700) | Technical ConfirmationHi,
Another example of technical confirmation. Do your own fundamental research and if the future looks bright enough then you are ready to go from my marked buying box
Regards,
Vaido
Not sure if we get to 40 bucksBut if we do, I will be starting to DCA into a position.
This is not the time to go short or long. This is the time to wait and see.
EO500 Tracker: Tencent Boost Overseas Sales Amid COVID-19Founded in 1998, Tencent is one of the oldest big tech companies in China. The tech giant has dominated the entertainment universe, focusing on integrating its digital ecosystem.
With the acquisition of Riot Games, Tencent has amplified its global influence in the entertainment and game industries. In recent years, while its funding activity in some countries, like Korea, were entertainment-focused, the firm's M&A and investment in other regions, such as India, were more comprehensive, aiming to build an ecosystem.
In 2020, the company invested more than CNY 275 billion (year-on-year growth of 84%) in overseas markets, focusing on North America, Asia and Europe. Meanwhile, its overseas revenue hit CNY 33.9 billion in 2020 compared with CNY 16.7 billion in the previous year.
A Glance at Tencent's Insurance Technology VenturesTencent has also sped up its venture into the insurance industry. In 2016, Tencent invested in Waterdrop Inc, which turned out to be China's first Insurtech stock (WDH:NYSE), as one of the angel investors. In 2017, Tencent also received the admission ticket, which is an insurance license for its Weimin Insurance Agency Co., Ltd or WeSure issued by CBIRC.
WeSure
Launched in 2018, WeSure had attracted about 50 million clients as of November 2020. Meanwhile, the number of its registered users has exceeded 100 million. Benefiting from the powerful data networks of WeChat and Tencent's other platforms, WeSure has provided its partners with vital insurance-related technologies, including anti-fraud, risk identification and precision marketing. Users can make insurance purchases, inquiries and claims directly on the firm's vastly popular instant messaging and lifestyle platforms, WeChat and QQ.
WeSure has its own edge competing with AntSure. AntSure focused on 'insurance supermarkets' and relied upon cost-effective products based on natural flow conversion from its ecosystem. On the other hand, the focal points of WeSure are its selective customized products and real-life consulting services, which can provide enhanced one-on-one services to help customers with insurance configuration, claims assistance and more. Besides, WeSure has always taken the initiative to partner with foreign insurers, such as AXA and MetLife, to further expand the scope it can reach. In the early stages of COVID-19, WeSure and AXA launched an insurance plan which protected more than 100,000 front-line medical service staff, and the total insured amount of people through WeSure is over 15 million since the outbreak.
In addition, WeSure has actively explored charitable opportunities through the use of online insurance; for instance, WeSure established the 'WeSure Charity Fund' to enhance the effectiveness of insurance as a social stabilizer through leveraging the Internet and insurance to increase participation in philanthropy.
Bottom line
Despite the regulatory shakeups, WeSure and AntSure remain key tech-powered driving forces in China's insurance domain, embracing the potential to reshape the industry landscape.
For the full article with the charts, please visit the original link.
Bounce to 533 and Dive DeepJust a thought for the Tencent stock
once it goes up to 533, it may change direction
TCEHYThere is Waddah Div
Gap fill
More than likely a chop market for about 2 and 1/2 to 3 months.
Its also resting on a fib line from the low of August 17th 2015 and the high of February 8th 2021
JICPT| Tencent pending breakout to challenge bearish structures!Hello everyone. It seems HK investors calmed down a bit regarding the tightened regulation on tech companies from Beijing. Let's have a look at Tencent.
On the weekly chart, price has closed above key level of 477(flip and moving average). The emotional selling seems to be over.
On the daily chart, price refused to create lower low with a nice gap-up formed today, indicating strong momentum. But I do notice trouble zone of 510-523 ahead . I will pay close attention on the arrival and candle formation. The firm supply zone is 570-580 . I guess huge selling pressure there.
Let's get back to the basic. I don't believe government want to kill the techs. The change is from no regulation to regulation. In the long term, regulation helps tech companies to grow in a sustainable way. So, I'm bullish on Tencent for the long run.
What's your opinion? Feel free to post your comment below.
