Hello There, As you know Chinese market crashes this month, we are in a few of those stocks ( $TME, $BABA and $DOYU ). They are going to raise it just a matter of time, but if you like to do a day traders, here is an opportunity for TME. Target and SL in the chart. Happy Trade.
Demand Zone Entry 10.3 Stop 9 Target 14.3 Risk management is much more important than a good entry point. The max Risk of each plan should be less than 1% of an account. I am not a PRO trader. I trade option to test my trading plan with small cost.
Hello traders, We will add to our position at this level here ( we will leave some cash for the 11$ level if we got there ) We will update the targets once we leave the red levels. *** This is not a financial advice, I'm still a beginner trying to share my Road here. Than you.
Took a half-size position in TME, by doing a synthetic long with expiration next year. Chance of breaking 11.41 from here appears to me to be much lower than breaking above 14.30
Hello there, As we can see TME still above the support line, if TME can hold this level we can see a wave to the green line in upcoming days with +39% possible gain. *** This is not a financial advice, I'm still a beginner trying to share my Road here. Than you.
TME has been consolidating in a range and has now reached the top of that range and got rejected by the upper bollinger band. The bollinger bands are contracting showing more range bound trading from top to bottom of the consolidation range. There soon will be a breakout from this range but i don't think thats coming quite yet. Looking for this to go to the...
This dip can bounce off to $20 (25%+) Happy trading!
I know I overcharged. I hope this helps. by iCantw84it 05.27.2021
Good fundamentals shown in better than expected profits, growth in subscription and ad revenue. Technicals showing what i would look at as a bullish head and shoulders. If we break the tenkan we should be good to go.
Estimation: 70% SHORT/SELL vs. 30% LONG/BUY 1.) TME is about to create a descending triangle! 2.) correction of downward trend is finished with the test of 0.382 Fibonacci level 3.) select entry according to the triangle outbreak.
perhaps here is the bottom and we have confirmed this . it is undervalued market cap.
Tencent Music's fluky selloff was the result of Archegos Capital's reckless overleveraging. However, this selloff has created an interesting opportunity to buy off of weekly trendline, horizontal, and 50 day SMMA support. The fundamentals of TenCent remain unchanged and many Wall St. analysts maintain an average $25 price target despite the selloff. Revenue + Net...
This is by far the most interesting chart in the market right now ...the market initially broke out of a descending channel , shot out and lost momentum . it the decided to go back and test the backside of the broken resistance thus making it support. now a hammer formed on the weekly chart which suggests to me further bullish momentum may be expected ...by using...