- Bearish divergence - Ending diagonal in 5th wave - This correction could influence Naspers and the SAtop40 all together
This will support Naspers and the ALSI in coming days.
One of the trends taking place in my portfolio is an increased weighting in China's technology sector. Amid the trade-driven pessimism over China, clamp down on digital assets and increased control over online content China's economy is trading at a blatant valuation discount to the U.S. Within the last few months the BAT stocks Baidu BIDU , Alibaba BABA and...
Tencent: short-term short, long-term long Based on what have I observed for the past few months, tencent's price is on a short-term bearish trend caused both by its under-expected earning on online games, China's regulation on online game industry overall, as well as the elephant in the room, trade war. Short term wise, RSI negative reversals are coming on...
September is often considered a tough month for stocks. However, many Chinese stocks have already had a rough year due to escalating trade tensions between the U.S. and China. By and large, the fundamentals supporting Chinese tech stocks are strong given small penetration rates in a very large and rapidly growing internet market. For the most part, the...
This was released under IPO price. Im long @ 5.99. Tesla competitor and much more involved with this company, just no need to go into much detail. Cant beat under IPO price, and huge long term possibilities with this company. They may be the first producers of an affordable electric car to start. This is high risk, as noone knows what could happen. I have a...
According to Lester Davids, Trading Desk analyst at Unum Capital: "Some positivity on the Tencent Chart - Could be a driver tomorrow. - Bullish Divergence - Extended well below it's 200dma (HK$404) - Chinese market sentiment overwhelming negative" Contact the Trading Desk on +27 (0)11 3842920 or tradingdesk@unum.co.za to discuss.
Another RSI Negative Reversal again in Tencent's chart.
fib levels looking at places to add/start a position in this monster Tencent is a massive Chinese company that owns WeChat and a sizable portion of Fortnite among many other things Pretty confident that FB's data on Americans is nothing compared to the data WeChat has on Chinese people due to how much the "super app" is used.
Currently holding 200MA with RSI turning up. Price range still within a downtrend channel and resistance ~HK$ 398.00 Important to also watch the monthly candle close on Monday!
Tencent: I'm buying the dip. It never falls below 40 on RSI indicator. Correction is on the way.
This is, again a very long term scenario! But for long term investments, you really should be able to see where something could potentially go. Not to say that you are going to be right even 50% of the time on such calls but I still believe they are important! If you can't come up with a scenario that would generate above average returns, there most likely...
My thoughts on this are pretty simple. It's a strong, growing company that's pulled back with the market, and will rebound as it always has.
Divergence indicate that a correction is coming. I will be looking at a good place to pick it up.
The .45 closing for PLFX caused the stock to tap resistance for a 4th time while prepping for a golden cross right when there was a squeeze. Support held at .31 since June 29th. MACD has a large upward alligator mouth, RSI is slightly overbought, STO overbought and CCI has shown a steady upward movement since June 29th. Hopefully news releases and the CCI can stay...
I have a feeling Tencent will break this 4+ year trendline and retest the 22 area. Not a strong feeling.