Tencent should be bouncing soon with daily candlestick crossing bottom bollinger 6/27/2018.
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!
Best entry here for nearly a year. A buy & hold if ever there was one.
Tencent: I'm buying the dip. It never falls below 40 on RSI indicator. Correction is on the way.
Long position around 250-260
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...
HKEX:700 (Weekly Chart) traded below its 8 month old upward trend line with heavy volume sell off seen during the week of March 19th-23rd. Last week of March, stock price made failed attempt to trade back above the trend line. This became evident that the trend line has turned from support to resistance. Weekly MACD is also trading in bearish momentum. Applying...
Looking at the price action, seem like there is still room to the downside. Personally will be interested to get in if price go down to 365HKD. Looks like a double top to me.
Added positions in China as I see strength in growing middle class/consumers. - More attractive valuation than those in US. - I believe there is more credibility in investing in China's blue-chips. I expect foreign institution $ to flow back to China. - I am focusing on purchasing best companies in China in technology space. - I like internet of things and I...
Consolidation almost complete, ECD latest 3/19. If breaks upward wait for cross above ~59.4 for confirmation of upward trend.
Just want to share my view on HKEX:700 . I am expecting an upcoming long term bear of of Hong Kong stock market. 700 as an important constitute of the HSI is highly correlated to it. Investors are getting more aware of its overvaluation. I have put bets onto the bear. It is possible for the stock to form a head and shoulders pattern before it further drops...
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.
This stock is the most exotic thing that in my opinion has been even shown on US TV. Tencent is the massive technology conglomerate of China. I will just list some random things next: • Most used app • App has everything • Government involvement • Shady stuff • Owner suddenly selling all • Big holdings in other companies worlwide The stock is not listed in the...
Tecent (700) is a major component stock in Hang Seng Index (HSI). The index made another new high today and it's interesting to note that Tecent has equally made an all-time high today at $449 since its low at $365.20 on 6 December 2017. Investors like you may be wondering how high potentially this stock can go. From a technical outlook, this stock has an...
TCEHY fell and coming close to any uptrend line at 48.50. RSI has remained flush at 51% before and held. Support come in at 44.88 S2. News that Tencent will buy 10% of Spotify if and when it goes on the market.
Divergence indicate that a correction is coming. I will be looking at a good place to pick it up.
If you look at this stock, especially in the monthly chart, you will see it is in an tremendous uptrend. And we just hat a little pullback. So if this pullback is over now, I will enter a position. I will go long and follow the trend. Only thing is, my personal entry triggers aren't really reached. I want the EMA 200 to support the trend (done) I want the...