In the chart you can see a schoolbook Head And Shoulders Bearish Chart Pattern. Theory says that you measure the distance from the neckline to the top and then consider the same distance to discover the bottom from the neckline down. In this case it coincides with the strong 40usd support! ARK also sold its positions in TCEHY Tencent Holdings Limited. I`m...
the 200 day moving average/exponential moving average has been a great level of support for naspers over the last 3 years. Will the stock bounce again at this level? If history is anything to go by -Odds favor a bounce, but let's see how this unfolds
Alibaba Group (9988) and Tencent Holdings (HKG:0700) are considering opening up their services to each other as Beijing clamps down on anti-competitive practices in the tech sector, The Wall Street Journal reported Wednesday, citing people familiar with the matter. The potential move will likely break the virtual wall that the two tech giants have built,...
Hope the $Doge stays safe. Looks like the black swan may come dipping down around July 15th? Probably a good time to refuel around .10 before we cruise back to the .420 and .69 cent mile stones again.
TICKER CODE: 700 Company Name: Tencent Holdings Ltd Industry: Communication Services | Internet Content & Information Position Proposed: SELL Technical Analysis 1. Falling Wedge Pattern (Potentially forming) 2. Large Head & Shoulders (Potentially forming) 3. Fibonacci Retracement at 0.786 is at key market structure 4. Fibonacci Expansion Safe Take Profit Level...
Disclaimer: This is merely an idea and not investing advice. Take caution and trade on your own risk. Good luck investing, have a prosperous future!
Alibaba.. Tencent.. your recovery starts now
#FOXBUSINESS & #BLOOMBERG IS HIDING IMPORTANT INFORMATION FROM YOU. WHY??? #usa #GDP VS #ppp I ALSO LOOKEVER #ALIBABA #BABA DID THEY FIND jACK ma YET? AND #TENCENT WHICH LOOKS EXCEPTIONALLY GOOD.
Hello dear readers, In the last TENCENT Music analysis , I also talked about the reasons for the massive sell-off in Tencent and then created a trading plan. Now the price is in the buy zone and I will build a long position. The reasons are: - The sell-off was triggered by a Blackswan event. - The price is at a strong cross support of golden pocket, trend...
Currently at a 24% discount off the peak of 775.5HKD on 17 Feb 2021, China/HK techs been facing alot of noise due to China Government policies to rein in the tech sector. Currently after the 2.8Billion USD fine on Alibaba, there was a major news selloff on the 13 Apr 2021 that regulators invited most tech for a meeting such as Tencent / JD / Meituan / Pinduoduo...
This trade is going to have 2 entries. The first one is going to be today but wont be a big positiion, and the second is going to be more agressive, just after it breaks the purple line. Reasons to trade this: MACD bullish crossing, MACD turning positive, Price making higher lows
Here's a list of stocks, ETFs, commodities, currencies that I have went long recently : Stocks : Wilmar Meituan Geely Beijing Airport ZA Online Baozun NIO Tencent Yeahka Lemonade Amazon Moderna Tesla Xiaomi Stone Co Baidu Commodities : Platinum Gold USOIL Currencies : EURUSD NZDUSD GBPJPY...