Since we sent out the trade idea on Prosus, it formed a beautiful Cup and Handle which broke our of the brim level. 7>21>200 Moving averages all looked perfect and RSI was above 50 Green backgrounds all around. The first target he set was to R1,445.20. WHich it hit last week. Now unfortunately, there is no other chart pattern that's formed but instead a bull...
JSE:NPN printed a new 52 week high. JSE:NPN has had a great run, if HKEX:700 continue to move up, it'll be good for Naspers.
Tencent has bounced of a support line "buy point 2" and is now close to a resistance level. There have recently been positive catalysts around Chinese stocks, such as the "Golden Share" and SEC reporting. The MACD indicator is close to a crossover.
JSE:NPN has pushed above to what I considered a resistance level. Hopefully an upward move will be sustained. JSE:PRX has a similar chart.
Cup and Handle has formed on Naspers and has even gapped up showing strong momentum. 7 >21 >200 Moving averages all turned up. Target 1 is R3,626.50 CONCERN is that Gaps close 70% of the time and Naspers is a wild one which acts erratically. Number of reasons which I don't think they'll be happy if I tell you but I'm an independent. 1. Companies love to...
Tencent stock’s downtrend price probably stalled @ confluence zone of 1) lower support of parallel line 2)Demand Zone
#marketprofile #volumeprofile #orderflow #chartanalysis #chartporn HKEX:700 ***** I use this platform as a way to organize my thoughts and plan for my personal trading for the sessions to come. Do not misconstrue this newsletter as actionable trading advice. I am simply sharing my thoughts as a market operator through this newsletter, which helps me get my head...
JSE:PRX closed its gap & we anticipated that JSE:NPN might close its gap as well. The good news is that the gap has been closed, and another gap has been opened. Should we blame HKEX:700 or Comrade Xi?
Price action and chart pattern trading: a possible rebound scenario > Elliott Wave projection - falling zigzag ABC correction wave channel now at C-wave 0.786 extension of A-wave at the key level support. > Downtrend target reversal position of the major top HEAD & SHOULDERS with double bullish divergence signal > Target rebound > SMMA 50 key upper resistance POC
1Q Miss and COVID Likely Delays Recovery, but Easing Regulations Should Support Investor Sentiment; Maintain BUY and Decreasing PT to HK$400 HKEX:700 We are maintaining our BUY rating but decreasing PT to HK$400 (was HK$475) after Tencent reported 1Q earnings miss and implied continued macro challenges for 2Q. Domestic game revenue declined 1% y/y. Int'l game...
This fractal is something I noticed back in Sept and at the time I just found the coincidence funny and didn't take it too seriously, I wish I had though, because it would have been a great short! Basically I took the rally starting from the bottom in Mar 2020 and then flipped it upside down and moved it over so now the peak in Feb 2021 is the current bottom. It...
Technical analysis on the YINN, it is a Chinese bullish 3X leveraged ETF with the largest holdings including Tencent and Alibaba. I am a huge fan of Chinese tech stocks, the Chinese market is massive and constantly growing as Chinese regulations becomes more lose (which if they want to compete with the United States it will) then Chinese stocks will start reaching...
Quick note... a good friend asked me about Tencent. Given the developments recently, as well as over the past year. There was some regret in not buying during the dip, but it was about risk management in catching a falling knife IMHO. Missing the boat is also another feeling, and it is perhaps something dangerous to feel when looking at charts. So, this is...
I am thinking that we might face a trend swap for 0700 chinese stock. If it will fluctuate in the next days betwenn 350-450 it might be possible, also in the light of the positive news regarding the CN government position about the RU aggression on UKN. What are your thoughts?
Price target for TCEHY Tencent is $56. All the Chinese stocks are primed for a strong recovery after China`s top administrative authority said it would work to stabilize the stock market and boost economic growth! Traders are expecting the Chinese government would support the stock market like the FED did in the US.
Hello Traders, Investors and Speculants :), You probably heard about Tencent holdings investment group.: These days you can hear some Fundamental analysis about Naspers / Prosus tranfer (spin-off) from South Africa exchange to Amsterdam. Many super-investors (value investors) like Guy Spier / Mohnish Pabrai are most likely increasing their position in Tencent...
Hello Traders, Prosus act as a Fund which is holding around 28% of TENCENT shares + some other interesting businesses (like e-commerce, food delivery, Payment systems, Elearning platforms) ... For long term hodling this could be interesting pick. But is the Price correct right now or should we wait with Buy orders ? CHart should show it all. We can see...
SELL/SHORT! ENTRY: 61.80 USD TARGET: 48.70 USD (profit 21%) STOP: 68.12 USD The trend is your friend! Fair price for Tencent is 47.00 USD to 50.00 USD. This range is the aim of the next SHORT trade. Stop loss above the last touch of the downtrend line (Septermber 2021). Target is the POI of the last year.