I'd like to see a retest of the wedge for a safer entry or a consolidation for a few days above the green line around $12.35 The daily RSI has also broke resistance which is typically bullish. Lately CWEB has been sold off after going above the 34 EMA, it has to stay above that to gain confidence in a long-term uptrend.
Price is still well supported above $418, 200days Moving Average and 23.6% Fibo. Break above 38.2%, we may see $520 next week.
Tencent Holding - Short Term - We look to Sell at 65.50 (stop at 69.00) Preferred trade is to sell into rallies. Trading within a Bearish Channel formation. 65.00 continues to hold back the bulls. The 200 day moving average should provide resistance at 67.00. Previous resistance located at 65.00. Further downside is expected although we prefer to set shorts at...
Tencent Holding - Intraday - We look to Sell at 65.30 (stop at 68.70) Preferred trade is to sell into rallies. Trading within a Bearish Channel formation. 65.00 continues to hold back the bulls. The 200 day moving average should provide resistance at 67.00. Previous resistance located at 65.00. Further downside is expected although we prefer to set shorts at...
Hello, if you are the true investor, someone who has big amount of cash to invest in stock, absolutely u will reasearch for big market cap stock which can give you more stability and also gain. At the long term, we can see that tencent is bullish, so it give more opportunity to keep you safe even you are enter in wrong time. so what is the idea now : 1. We need...
Long Tencent here, TP1 at 82.22 TP2 at 132. Add if comes to 56-57 zone. Stop loss before. This is not a financial advice.
Hello Traders, welcome to this free and educational analysis. I am going to explain where I think this asset is going to go over the next few days and weeks and where I would look for trading opportunities. If you have any questions or suggestions which asset I should analyse tomorrow, please leave a comment below. If you enjoyed this analysis, I would definitely...
KWEB is a China technology based ETF. Top 10 holdings by weight: Tencent Holdings ~ 10.62% Alibaba Group Holding ~ 10.32% JD.com ~ 7.21% Meituan ~ 6.99% Pinduoduo Inc ~ 6.97% NetEase Inc ~ 4.71% Baidu Inc ~ 4.27% Bilibili Inc ~ 3.83% Trip.com Group ~ 3.82% JD Health International ~ 3.32% Fundamental Analysis China’s stock market pullback...
• Sharpe correction to the 23.6 Fibonacci Retracement since February 2021 (weekly chart) • Building up an ascending triangle in the daily and weekly chart • For a further upside the stock has to close the gap at 512.6/529 • If the stock is able to close the gap, new price target at 606
Hey guys hope you doing good. Today its Tencent HODL time. Nice demand area is being tested by the market now. We may see bulls power in the future trend. Good luck
The drop was a result of regulatory crackdowns on media and restrictions on teenagers' gaming time. Despite enhancing its parental control policy and constrained gaming time for teenagers (from 6.4% in Q3 2020 to 0.7% in Q3 2021), Tencent saw its domestic gaming service revenue increase by 5% and 20% for the overseas markets. However, Tencent's top moneymaker –...
Online music paying users jumped 37.7% to 71.2 million from a year earlier, while the figure increased by 5 million from the prior quarter. The total revenue of Tencent music in the third quarter was CNY 7.81 billion, an increase of 3.0% over the same period. The net profit was CNY 1.06 billion, a decrease of about 35% over the same period. The financial...
The outbreak of COVID-19 in 2020 damaged many sectors. The videoconferencing market was among the winners. Tencent Meeting (global version – VooV Meeting) took its second mover advantage and tightly followed its global counterpart – Zoom. Released in late December of 2019, Tencent Meeting, although coming out seven years later than Zoom, has now become the most...
Tencent is looking to prepare for the next stage of internet games with a new studio that focuses on metaverse. Tencent Holdings is assembling an international team for its new gaming studio that will be under TiMi Studio Group, a subsidiary of Tencent. Rumor has it that the company sent out an internal letter indicating the establishment of new 'F1'. According...
You're simply a fool if you don't long the dips or shorting evolution because of fear and manipulations. Investors are paid to worry.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that,...
Price supported by 200D MA & 23.6% Fibo. Break below $418, price will drift lower. Break above 38.2% ($490) will see next resistance at 50% fibo ($545)
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