Analyzing the options chain and the chart patterns of TME Tencent Music Entertainment Group prior to the earnings report this week,
I would consider purchasing the 11usd strike price Calls with
an expiration date of 2024-4-19,
for a premium of approximately $0.43.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Tencent Music Entertainment ( NYSE:TME ), China's leading digital music company, has defied market expectations with a significant surge in net profits despite a slight decline in revenue for the year 2023. The company's robust performance reflects a strategic pivot towards driving profitability through enhanced subscriber conversion and retention, underscoring...
Tencent Music Entertainment Group's (symbol ‘TME’) share price rose by more than 35% performing extraordinary in the last quarter of the year. The company’s earnings report for the fiscal quarter ending December 2023 is expected to be released on Tuesday, March 19th, before the market opens. The consensus EPS is $0.13, up from $0.12 in the same quarter last year....
In December, the Chinese government released draft new regulations aimed at curbing excessive spending and time wasting in video games. Shares of the industry's biggest players: NetEase and Tencent, which generate 100% and 50% of their operating profit from video games, fell slightly on the news, but were bought back.
Firstly, this is still a draft document and is...
Tencent Music Entertainment Group (NYSE: TME) recently reported strong financial performance, with notable increases in revenue and net profit. The company's diversified business model, spanning online music subscriptions, social entertainment, and live-streaming, contributed to its success.
Tencent Music's focus on user engagement and monetization, particularly...
Tescane music has been bought heavily the last months and it is ready now to go to a bull market.
Buy now and aim at recent high!!
Scale out depending price action!
TME is amassing massive volume based on weekly data.
Net buy volume has increased almost 4-folds from 10M average volume to a whopping 38M, thanks to a rosy quarterly earnings AND new opportunities in the spectrum for the company.
The stock has broken its weekly descending trend line. Higher lows on both histogram and pricing has been created cementing the...
Watch NASDAQ:BIDU NYSE:TME AMEX:CWEB NYSE:BABA NASDAQ:NTES NASDAQ:PDD . Most are breaking out
Scoop up some strong ones!!
Reasoning
Whole Industry is moving!
Use strong bars to draw trendlines, most times spikes should be left out!
Consolidation seems done
Correction is not overextended
Good Relative Strength
Great earnings
RSI...
Tencent Music Entertainment Group operates online music entertainment platforms to provide music streaming, online karaoke, and live streaming services in the People’s Republic of China.
Trading at 66% below our estimate of its fair value
Earnings are forecast to grow 9.07% per year
Setup: PowerPlay
VCP: 4W 14/5 2T
RS: 98
Contraction 2 is setting up after the turn (trendline). China stocks are leading!
The posted chart contains a VCP (volatility contraction pattern). The first label "W" stands for weekly and shows the duration of the entire consolidation. In the middle label, the percentage of contractions is indicated (for example,...
Elliot wave wise, it looks like we completed a full 5 wave impulse move and need to correct down.
Unusual option for a $7 put 7/21/23 1900 contracts were traded today, which could be a hedge for another push up, or a big drop down.
Max pain is $6 this week.
TME can keep travelling in this channel, but a drop below $7 confirms bearish sentiment and we're looking...
Technical analysis can be used in many ways.
Someone applies to AI projects and also someone uses only the trading view tools function that is enough to predict price the first sight.
As you may see in the chart view, we need to find the pattern of the accumulation phase.
The question is how we know the big buyers (insider/hedge fund/billionaire) are...
the movement of the last few months of TME seems to me to be delimited by two dynamic supports that converging form a triangle, if the dynamic support holds up it could return to the upper level first and try the upper breakout later, otherwise the lower break could bring the title back towards the lows
