Tencent - Heading to 1 Trillion ValuationThis is continuation pattern and Tencent parabola remains intact.
Don't reach out to me. I don't read messages and comments.
TCTZF trade ideas
Who would have thought playing games can make you rich ?I am talking about the professionals , of course. 20-30 years ago, gaming was hardly in fashion, less to talks as a trend. Now, the youngsters all want to get involved, chasing the gamer's dream.
And that of course make the gaming companies like Tencent , Actvision Blizzard, etc produce more games for them.
Will be adding long later. Note, the temporary ceiling at 472 level is near so the risk reward for late entrants might not be as attractive. There might be a correction once this level is reached and hopefully a greater discount can be given .
Tencent Holdings Ltd (700 - HK) - updated EW countTencent Holdings Ltd (700 - HK) is in 3rd subwave of 3rd wave, which is either about to end or it may further extend, but will know as correction proceeds. If the 3rd subwave ended then 4th subwave correction should not entered in to the territory of subwave 1. It is exactly moving up as expected in previous updates. In weekly time frame it is a very strong stock of HSI and in the 3rd wave of 5th wave impulse, which is further subdividing as extended wave.
Tencent Holdings Ltd (700 - HK) - ABC wave patternTencent Holdings Ltd (700 - HK) is in ABC zigzag wave pattern and moving up in C wave up. It is in 1st wave of C, which is about to end soon and 2nd will correct it down. Watch the invalidation level closely. In weekly time frame it is a very strong stock of HSI and in the 3rd wave of 5th wave impulse, which is further subdividing as extended wave.
