Breaking above triangle with slightly higher volBreaking above triangle on last few days of slightly high volume.
TCEHY trade ideas
#TCEHY - May increase by 20% and more in the future#TCEHY - May increase by 20% and more in the future
All trends favor bullish and also Fibo. Additional zones for buying are $ 81 and $ 67. If the price breaks through the $ 67 zone we should stop loss.
There are many hedge funds that have bought this stock.
LONG 700 (Tencent)Expecting 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.
TCEHY has 13% farther to fall on regulatory risksStock wants to test the 50 week ema and the long-term trend line near it.
Tencent fell from flip level seeking support at 570-550weekly: bullish with no doubt.
Daily: price retreated from 690 which happens to be flip level. The below 570-550 is a solid zone with flip & uptrend line & demand zone. Price is likely to rebound from here.
The descending channel is an issue, though not a big one.
700 (HKX) - TENCENT Go BullishGreetings
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Strategy
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Analysis
700 (HKX) - TENCENT Go Bullish
Tencent offering another buying opportunity soon.......Read this important news here !!!
Take some profits if you have been averaging up like me and then wait for the price to come down to the 2 levels I have stated in the chart :
1. 680 price level - here I would buy a bit
2. around 632 price level - here I would buy more (this is where I think a potential H&S pattern will be formed)
TENCENT - HKEX - Continue Bullish to ATHHumbled, we would like to thanks for your support who has already liked, commented and followed us.
Your support, strengthens us, to help in analyzing the market.
TENCENT - HKEX - Continue Bullish to ATH
TENCENT BUY OR LONG - TARGET UP TO $650TENCENT can confirm the " Rectangle " pattern if the price reaches $567, I will wait to buy.
TENCENT buy : $567
TENCENT target : $650+
Stop loss : 6%
Wish you a good deal.
TCEHY(Tencent) 15-12-2020Asset and Time frame - TCEHY,4H & 1H
Entry Price - Waiting for the 4H to close bullish and then I enter
Exit(Stop Loss) -70.939375
Exit(Take Profit) -80.282457
Technical Analysis -Price has reached the bottom of the parallel channel and a support horizontal trend line, just waiting for a good confirmation candle to enter.
I would like to hear your opinions and what can I do to improve, many thanks
Opportunity in Chaos 2 !The same thing can be said for Tencent too. Read my analysis on Alibaba here
In the 4H chart, I am queuing to buy at 502 support line , a strong support in the past months. However, if the government is pushing its envelope and step on the accelerator in regulating these Tech giants, we could possibly see the share price drop even further to 419.50. If that happens, I would buy even more.
Of course, the short sellers are happy to short down these giants during this periods and that cumulative actions might cause the company to take actions to shore up the share price too.
Let's review this in a month or two and see what will happen......
Tencent might pull back to the support line and bounce ! Tencent might pull back to the support line and bounce !
TENCENTTENCENT
Here you are able to buy during the weekend and very large sizes of Buyers for this should get a bit of a bit of damage even a strong and wonderful confirmation Indicates that the purchase is both comfortable and non-afraid
Tencent's pullback correction could be used as a sell entryTencent could pull back to the 23.6% fib retracement, after a strong sell-off session today. Technically, a pullback is healthier in the longer-term to gather more bearishenss downward. if we can catch that pullback, it will be a good sell entry to rider the bearish trend going forward.
Tencent shortChina starts hunting BABA by monopoly issues, but who is next? Maybe Tencent could be the next.
If it crosses that 555 BLUE zone it will fall until the next blue zone.
700 Tencent Bullish trend continuation700 Tencent 4H Chart
25 Dec 2020
Current Price: 556
Signal: bullish trend continuation
Price are currently in Consolidation Pattern bullish side trend continuation
will be expect next monday 28 Dec 2020.
Tencent might see further downside given more stricter scrutiny!China’s antitrust watchdog fined Alibaba Group Holding Ltd. and a Tencent Holdings Ltd. unit over a pair of years-old acquisitions and said it’s reviewing an impending Tencent-led merger, signaling Beijing’s
intention to tighten oversight of internet sector deals.
The penalties come after regulators last month declared their intention to increase scrutiny of China’s largest tech
corporations with new anti-monopoly rules. Beijing in November unveiled draft regulations that establish a
framework for curbing anti-competitive behavior such as colluding on sharing sensitive consumer data, alliances
that squeeze out smaller rivals and subsidizing services at below cost to eliminate competitors. Shares in Alibaba
and Tencent extended losses and closed down more than 2.5%.
