TME has just crossed back over all its moving averages, which will now act as support to help it complete its rounding formation back to the 16 level.
$TME looks to be coiling up and could potentially breakout running up to earnings. Beware this is a Chinese companies and there's a chance any China US tensions might present a failed breakout. MACD looking to cross positive and above the zero line Average True Range coming down to a low of around 0.3 - which is also the same level for when the stock broke out on...
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$TME closed very Bullish on Thursday and with the volume 3X higher to back up the bullish move, and today its breaking out of this $14 Resistance, i am looking at the July 17 $15 CA
basically Tencent's spotify revenue increased over 100% y-o-y. Link: www.macrotrends.net Trump administration is a buying a opportunity for Chinese stonks
$TME just broke $13.37 out with high volume. RSI is still below the trendline though. There might be a pull back but it is very strong for an upside rally. 12 months Consensus Price Target: $16.11 if you find my charts useful, please leave me "like" or "comment". Please don't trade according to the ideas, rely on your own knowledge. Thx
() Status: Open 03/06/2020 Idea: Selling the company's shares through the purchase of Put options. Expiration Date: 10/16/20 Strike: $12.00 Target price: $9 Max price: $105 Option target price: $365 Risk/Reward Ratio: 1/3.5 Position volume: no more than 5% of the Deposit [ (www.marketwatch.com) TME shares are in a downward trend. According to the chart,...
What does not come into your sphere of attention , you tend to forget about it over time . My last post on this counter was here . The price action looks to retreat , probably to 11.27 to 11.91 for support before heading higher
First off, please don't take anything I say seriously or as financial advice. As always, this on opinion basis. That being said, let us get into a few of my key points. Looking at the three drives pattern and current past correlations, I think the positive outlook conservatively for TME is a $12 target. Other things to keep in mind is that TME been called "China's...
All you want to know about this company What some analyst say about this company Looking at the chart, it is a 3 months up, then 3 months down followed by downtrend till now..... It has just broken out of the bearish trend line and let's be a little patient as it is going to pull back to 13.50 -13.00 (support). If this support holds, then we can initiate...
Entry level $14.33 = Target price $16.15 = Stop loss $13.79 Levels of Interest = $14.72 bullish above making a higher high P/E ratio = 77 Short interest = 12.75% Average Recommendation:Overweight Average Target Price:$16.17 13 BUY 00 OVERWEIGHT 05 HOLD 00 SELL Company profile Tencent Music Entertainment Group engages in the provision of...
Beta-R:Journal. Risk Management: Compound .Level : PA . Time: Short-term - Intermediate . This is just my view follow if it aligns with yours. Ideas are not repeated rather updated.Worry about risk only.
TME is forming a round up pattern with increasing volume. Looking for it to run up to $15 before it hits resistance before the gap in its chart. At the $15 level I would expect a slight retracement and further run up to $15.75 to fill the gap.
getting close to buy zone. completing 3rd Eliot wave now. buy after confirmation with any price action patterns like double bottom.
TME has just completed its round down pattern into support. Looking for a snapback play to the upside after this stock is extremely overextended to the downside. Looking for profit at the $15 level before the gap in chart, then looking to fill the gap upwards toward $15.75