read latest news here and here
Again, not all businesses that falls 77% from its peak are good business. You need to know the market ,its growth forecast down the road before picking up. If you are not comfortable, there are always other stocks to go bargain hunting.
Please do your own due diligence !
TME seems to found his support. Godd time to slowly buy in.
Watch the price action and buy step by step.
I expect we can fill the gap over the bigger time frame.
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...
