Video breakdown on a low risk/ high reward play I am watching on $BIDU
Prices are approaching resistance where we could see a further drop below this level. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
Looking bearish on the Hourly. RSI is already overbought while the BlueWave doesn't have an upper wave yet. (bad sign) I would wait a little bit till we have a confirmed green dot (buy signal) combined with an oversold RSI to go in.
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.
Stock wants to test the 50 week ema and the long-term trend line near it.
Humbled, 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 can confirm the " Rectangle " pattern if the price reaches $567, I will wait to buy. TENCENT buy : $567 TENCENT target : $650+ Stop loss : 6% Wish you a good deal.
Tencent might pull back to the support line and bounce !
Tencent could pull back to the 23.6% fib retracement, after a strong sell-off session today. Technically, a pullback is healthier in the longer-term to gather more bearishenss downward. if we can catch that pullback, it will be a good sell entry to rider the bearish trend going forward.
China’s antitrust watchdog fined Alibaba Group Holding Ltd. and a Tencent Holdings Ltd. unit over a pair of years-old acquisitions and said it’s reviewing an impending Tencent-led merger, signaling Beijing’s intention to tighten oversight of internet sector deals. The penalties come after regulators last month declared their intention to increase scrutiny of...
After a very long side movement there is a new buy-signal at 177$. The goal would be 249$ now. Naspers is a big south african company who owns 30% of Tencent.
Tencent has confirmed the " Rectangle " pattern as my favorite, I bought it. Tencent buy : $565 Tencent target : $650 Stop loss : 6% Wish you good deals!
Tencent saw more upside after bouncing from the support !
Powerful out performance in China tech unlikely to be undone by new Trump executive order
Holding Tencent and Youzan after the publicly given buy signal linked below.
Does the stock price build a double top formation? Will the stock price cross the previous valley low at HKD 511 If yes, the formation target price would be HKD 458; another 10% lower There was already a double top formation on the weekly chart February 18 After a sharp decrease the stock moved sideways over several months