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Tencent Holding Ltd.TT

Tencent Holding Ltd.

67.90USDD
−2.17−3.10%
At close at Aug 2, 01:08 GMT
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Gaming is here to stay for a long long time.......Think of 3 things in your life that you are highly dependent on. Ready? 1 , 2 , 3 1. Social Media 2. Fast food 3. Mobile Phone I did a quick survey among my circle of friends and came to the above conclusions (may not be conclusive). It is tough to imagine kids today will spend time to play Monopoly or Scrabble games (a luxury in my childhood time). Of course, there are cafes that cater to such demand but it is a niche. Just take a look when you are out of your house. Are you not surrounded by a myriad of fast food outlets ? From KFC, Starbucks, Long John Silver, MacDonald, Burger King, etc I see families going to MacDonald on weekends to take their breakfast whereas I belong to the "old school" and still prefer the old type coffeeshop where they served 2 soft boiled eggs, 1 cup of hot beverages and toasted bread. I take public transport daily and without fail, at any time when I am on the phone, it is becoming a rarity to see someone holding a physical book to read. Really tough! 9 out of 10 are glued to the phones be it listening to music, playing games, reading online novels, watching drama or simply swiping contents on their Tiktok or other social media platforms. How times have changed? Gone are the days where hard copy newspaper are found in households but these days, one get overwhelming amount of news, including fake ones and updated so often that it is becoming a nuisance! Stickability - that is how these companies have made its consumers over time. Just like tobacco products. No matter how much fines the countries government imposed on these deep pockets firms, they always have excesses to stay above the line and made astronomical profits. For Tencents, I continue to stay invested and looking at the chart, I believe a possible trend reversal is near or here. I will nibble some today and continue to monitor the chart. Stay tuned and please DYODD.
HLong
by dchua1969
1
Potential Bearish ContinuationOn the h4, with price moving in a descending trendline and below the ichimoku cloud, we have a bearish bias that price will continue to drop from the sell entry at 353.6 in line with the pullback resistance, 100% fibonacci projection and 127.2% fibonacci extension to the take profit at 297.2 at the swing low in line with the 78.6% fibonacci projection. Alternatively, price may revers off the sell entry and rise to the stop loss at the pullback resistance in line with the 100% fibonacci projection. Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website.
HShort
by Rockqet
Tencent major 4.5% drop sending a break in structure Tencent break in uptrend structure - Bearish Tencent has eventually broken below the Uptrend structure after fantastic upside. This means, the price is now in free fall and is more likely to touch the previous support (brim level of the last Cup and Handle ). 21<7 price>200 - Reversal RSI <50 - Bearish Target 312 I just did an analysis on Naspers which we spoke about how Tencent has the correlation. As Naspers correlates with Tencent and Prosus... We saw a sluggish market in Asia session with the banking holiday effect in America. Hong Kong stocks slump as Chinese tech giants step up rivalries, HSBC in focus as market await corporate earnings boost. The Hang Seng Index declined 1.7 per cent to 20,529.49 at the close of Tuesday trading, the biggest drop in over a week. The Tech Index tumbled 3.6 per cent while the Shanghai Composite Index added 0.5 per cent. The benchmark index has lost nearly 5 per cent in the past two weeks as hedge funds withdrew from the market. With Tencent dropping 4.5% this is why we saw a large breakaway gap with Naspers. Caution is needed with such volatility .
HShort
by Timonrosso
700 6-month balance breakdown ahead?#marketprofile #volumeprofile #orderflow #chartanalysis #chartporn HKEX:700 ***** I use this platform as a way to organize my thoughts and plan for my personal trading for the sessions to come. Do not misconstrue this newsletter as actionable trading advice. I am simply sharing my thoughts as a market operator through this newsletter, which helps me get my head straight and hold myself accountable for the next day. It is very possible that I am flat wrong in all of my scenarios.
H
by sherlou_0505
Tencent offers 50% discount or more this Christmas !Read latest articles here , here and here . There is a Chinese saying that "Big trees attract the wind" which means that a tech giant like Tencent has certainly has the Central government hawkish eyes on them for a long , long time. The recent slew of measures imposed on them over the last few months seems like a bottomless pit (as one of my followers said and he is getting discouraged ) and depressing. I totally agreed as the picture was not what many shareholders envisioned barely 10 months ago...... I have written some time ago (please search my posts) on concentration vs diversification strategy in setting up your investment portfolio. Again, this is not a hard and fast rule. There are people who bought only one company , say Coca Cola or Amazon or even BTCUSD and become millionaires and multi-millionaires from it. For me, I like to diversify , buying into the specialty of different companies in their respective industries. Boeing is good in aircraft and maintenance but can't do what this tech company do and neither do the tech company wants to invest the time, money and resources to do what Boeing has done over the years. Hopefully, out of 10 stocks you pick with solid and good fundamentals, one or two become a multi-bagger that gives you 5-10 folds returns and that to me is excellent news. Please DYODD and understand your objectives of buying into this company. How long are you prepared to hold ? What are your capital reserves ? Do you have a cut loss strategy ? Are you prepared to average in when it drops 30%, 50% , 65% ? Why yes ? Why not ? Having these answers mentally prepared helps you to steer clear of irrational thoughts and act on impulse buying or merely following calls of others who may have different strategies with you.
HLong
by dchua1969