TME is looking to breakout above resistance at the 16.5 mark. It has tested this area 5 times now. Typically on the 6th test of resistance there is now supply being taken out at that level, causing higher demand and a breakout. Looking for this to breakout to the 17.5 range.
$TME is breaking out of a multi month wedge like pattern
My opinion. Loning if this could falls to $13.84 level. TP 1 = 16.74, and TP 2 = 19.91.
$15 is major support
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 $15 CA
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$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...