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Tencent

Prosus hit our price target at R1,445 and enters into a bullSince we sent out the trade idea on Prosus, it formed a beautiful Cup and Handle which broke our of the brim level. 7>21>200 Moving averages all looked perfect and RSI was above 50 Green backgrounds all around. The first target he set was to R1,445.20. WHich it hit last week. Now unfortunately, there is no other chart pattern that's formed but instead a bull (rising) channel is on the way. This is where trend traders will ride it on up until the trend breaks. It doesn't give us breakout traders a good entry level but for others I'm sure they can raise their trailing stops and keep it going. General Facts: Prosus is a Netherlands-based investment company (that operates in more than 80 countries) that was created through the spin-off of Tencent's international internet assets. The company's primary focus is on the technology and internet sector. You'll find it's listed on the Euronext Amsterdam stock exchange and the Johannesburg Stock Exchange (JSE). For our analysis we are talking about the one listed on the JSE (South Africa) Prosus has a market capitalization of over $100 billion and its portfolio includes investments in companies like Naspers, MakeMyTrip, and Delivery Hero.
JSE:PRXLong
by Timonrosso
Naspers is going up - this is stuff they don't want you to knowCup and Handle has formed on Naspers and has even gapped up showing strong momentum. 7 >21 >200 Moving averages all turned up. Target 1 is R3,626.50 CONCERN is that Gaps close 70% of the time and Naspers is a wild one which acts erratically. Number of reasons which I don't think they'll be happy if I tell you but I'm an independent. 1. Companies love to trade the arbitrage between Tencent (China) and Naspers SA 2. Prop traders love to scalp on lower time frames chasing the daily runs, falls and gaps. 3. You'll see in the volume with Naspers there are tons of 1's thrown into the buys and sells. This is to spook traders out as they have to pay more brokerage. A company like Naspers is a major game player for many traders and for this reason, the erratic movements in the charts look like this.
JSE:NPNLong
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.
HKEX:700
by sherlou_0505
Tencent Holdings Ltd. (700-HK, BUY)1Q Miss and COVID Likely Delays Recovery, but Easing Regulations Should Support Investor Sentiment; Maintain BUY and Decreasing PT to HK$400 HKEX:700 We are maintaining our BUY rating but decreasing PT to HK$400 (was HK$475) after Tencent reported 1Q earnings miss and implied continued macro challenges for 2Q. Domestic game revenue declined 1% y/y. Int'l game revenue grew 8% CC y/y (vs. +24% in 4Q, excluding onetime accounting adjustments), accounting for 24% (flat y/y) of total game revenue. Advertising revenue took the biggest hit from COVID lockdowns and declined 18% y/y (vs. -13% in 4Q). FinTech+Cloud growth also decelerated to +10% y/y (vs. +25% in 4Q). On the last earnings call, mgmt. indicated a recovery could happen in 2H. But given the prolonged lockdowns in some cities including Shanghai and the weakness in recent macro data, we think the recovery will be further relayed to 4Q. In 1Q, the company repurchased 8,864,400 shares for approximately HKD3,697 million. Overall, while the operating environment will likely remain challenging in the near term, we believe that, with strong operating cash flow, Tencent is better positioned to take the opportunity to build around its long-term strategic areas such as int'l games, Video Accounts, and SaaS offerings. Moreover, while it will take time to see the benefits, the Chinese government is easing regulations for the digital economy, which should give investors more confidence in the sector
HKEX:700
by TigerBrokers
Interesting Tencent fractal repetitions This fractal is something I noticed back in Sept and at the time I just found the coincidence funny and didn't take it too seriously, I wish I had though, because it would have been a great short! Basically I took the rally starting from the bottom in Mar 2020 and then flipped it upside down and moved it over so now the peak in Feb 2021 is the current bottom. It was for these reasons I was getting bullish on China when Tencent hit 45 and I was shocked when it tanked to 38, thinking the whole pattern was now broken. I admit that the news they were pumping out a the time even got to me and I didn't take advantage of the wall street manipulation. Now going forward, it would again be funny if it follows the rally projection here. I think it is unlikely that it'll follow it exactly, but who knows at this point? If it does, watch out for that peak in the summer of 2023. This is just more proof to me though that fractals can be a very useful tool in predicting the movement of a stock and you have to experience it unfold before you to believe in this kind of analysis.
OTC:TCEHY
by Lynxys
Tencent .. my ten cents worth on it sharedQuick note... a good friend asked me about Tencent. Given the developments recently, as well as over the past year. There was some regret in not buying during the dip, but it was about risk management in catching a falling knife IMHO. Missing the boat is also another feeling, and it is perhaps something dangerous to feel when looking at charts. So, this is called planning the trade... and in doing so, we might expect a dip in the week of April 25 at about 320-350. IF it does play out to that, we can expect a bottoming pattern to form, and then start looking to go shopping. Not before. Here we are planning the shopping trip. For now, it remains as a plan. Wait for it... For you, my friend... just so we go live on what we spoke about.
HKEX:700
by Auguraltrader
CHINA BIG DIP analysis + TENCENT (e-commerce, fintech, gaming)Hello Traders, Investors and Speculants :), You probably heard about Tencent holdings investment group.: These days you can hear some Fundamental analysis about Naspers / Prosus tranfer (spin-off) from South Africa exchange to Amsterdam. Many super-investors (value investors) like Guy Spier / Mohnish Pabrai are most likely increasing their position in Tencent directly or via Prosus shares. ++ others are buying CHina stocks // Charlie Munger = BABA, Ray Dalio increasing positions, Nitin Saigal fully invested in China ...). So Why would you need another analysis if they are alredy buying? This thread will be purely my opinion about oportunity for Buying into Tencent and many China located gigants + why I think, we are near the temporary bottom of correction = of Wave A !! If you look at biggest China companies, almost all of them reached All-Time-High from November 2020 till February 2020 = Potential TOP of China growth-tech bubble. (this time it could be e-commerce, finTech, Gaming companies + Crypto of course...) Lets take a look at few of them, this thread will continue in comments so stay tuned. TENCENT as one of biggest Chinese companies (acting more like ETF based on around 700 holdings). AliBABA KWEB - China internet ETF MEITUAN (Btw biggest Tencent position) SEA Limited: NIO: Whats interesting even some Non-China Fintech companies reached their ATH around this time like StoneCo (Brazil).: SOuth America - Mercado Libre - MELI: While in the US, Covid related restrictions and fear of investors was probably slightly delayed by several Months: is still near thSPX, AMZN, and other FAANG ggants are still near ATHs, some of the FinTech and e-commerce companies start to fall. PAYPAL: SQuare: Conclusion + Investment Thesis: 1) Be very carefull with catching the falling knife. Wait for pure Buy signals and signals of reversal at least at 3D/1W charts. Also consider buying only with very good RRRatio + clear setup. 2) China could be very good oportunity for short term BUY-LONG setups when you will be able to count all subwaves of Wave A but still be very carefull. (Around 1-3 months from now). 3) US and western - world conutries will probably continue to fall in dozens of % DOWN. (US is delayed, it could take around 3-6 months to reach bottom and point of maximum fear of retail and small VC investors.) Patience folks, patience.
OTC:TCEHYShort
by Longevity_Contrarian
3
PROSUS (1D) - Waiting for DIPHello Traders, Prosus act as a Fund which is holding around 28% of TENCENT shares + some other interesting businesses (like e-commerce, food delivery, Payment systems, Elearning platforms) ... For long term hodling this could be interesting pick. But is the Price correct right now or should we wait with Buy orders ? CHart should show it all. We can see sometjhing like impulsive waves 1-3 are alredy visible withtiny wave 2. So currently finished triangle could be wave 4. = Market is hesitating if the price is alredy good for Long. Hopefully there will be another leg down to green support zone. There could be our Low Risk / High Reward setup to enter LONG position. (For LONG term !!) short term it could dip deeper. ;) Patience folks. Trade safe.
EURONEXT:PRXLong
by Longevity_Contrarian
My 2 Cents on TencentTencent Holding - Short Term - We look to Sell at 65.50 (stop at 69.00) Preferred trade is to sell into rallies. Trading within a Bearish Channel formation. 65.00 continues to hold back the bulls. The 200 day moving average should provide resistance at 67.00. Previous resistance located at 65.00. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 65.00, resulting in improved risk/reward. Our profit targets will be 55.00 and 52.50 Resistance: 65.00 / 68.00 / 70.00 Support: 55.00 / 50.00 / 45.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
OTC:TCEHYShort
by Saxo
TCEHY: 200 Day Moving Average ResistanceTencent Holding - Intraday - We look to Sell at 65.30 (stop at 68.70) Preferred trade is to sell into rallies. Trading within a Bearish Channel formation. 65.00 continues to hold back the bulls. The 200 day moving average should provide resistance at 67.00. Previous resistance located at 65.00. Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 65.00, resulting in improved risk/reward. Our profit targets will be 54.60 and 52.20 Resistance: 60.00 / 65.00 / 70.00 Support: 55.00 / 50.00 / 45.00 Disclaimer – Saxo Bank Group. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis, like any and all indicators, strategies, columns, articles and other features accessible on/though this site (including those from Signal Centre) are for informational purposes only and should not be construed as investment advice by you. Such technical analysis are believed to be obtained from sources believed to be reliable, but not warrant their respective completeness or accuracy, or warrant any results from the use of the information. Your use of the technical analysis, as would also your use of any and all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features. Please also be reminded that if despite the above, any of the said technical analysis (or any of the said indicators, strategies, columns, articles and other features accessible on/through this site) is found to be advisory or a recommendation; and not merely informational in nature, the same is in any event provided with the intention of being for general circulation and availability only. As such it is not intended to and does not form part of any offer or recommendation directed at you specifically, or have any regard to the investment objectives, financial situation or needs of yourself or any other specific person. Before committing to a trade or investment therefore, please seek advice from a financial or other professional adviser regarding the suitability of the product for you and (where available) read the relevant product offer/description documents, including the risk disclosures. If you do not wish to seek such financial advice, please still exercise your mind and consider carefully whether the product is suitable for you because you alone remain responsible for your trading – both gains and losses.
OTC:TCEHYShort
by Saxo
700 (HKEX) - Another idea that slap youHello, if you are the true investor, someone who has big amount of cash to invest in stock, absolutely u will reasearch for big market cap stock which can give you more stability and also gain. At the long term, we can see that tencent is bullish, so it give more opportunity to keep you safe even you are enter in wrong time. so what is the idea now : 1. We need to see, what is the indication that show if the bearish already stop and the trend will changing 2. if you are long term investor, this time is best to do research for buying preparation If you have more data, not only about fundamental but also list of stock holder, broker summary, u will make sure it is time to buy or still waiting. But the chart really nice If you have any question, feel free to send us message. ALL is FREE NB : Not Financial advise
HKEX:700
by MultiAssetX