Generally have a negative outlook on recent IPOs; waiting for clear signs of reversal of uptrend with potential entry at in the low $18.00 range and continued TPs set there under. Trade responsibly; TPs and SLs
Don't get me wrong, TME is a great company with good fundamentals but, it is setting up for a pullback.
I expect TME to pull back a little in the short term but, still unsure long term.
Last earning it got punished but moving up nicely now. Consider this a mini-Spotify. Backed up by Tencent. This is a money maker and price is just right.
This company has a massive user base in Asia and is new to NYSE. I see the stock doubling in 12 months
Long position, +47%, expecting higher - if earnings BO tomorrow, will let consolidate and add more!
Break out. Nice construction, heavy volume! should fly to 20 near term Long @ $12.95