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Tencent

China Internet ETF - Bull flagTechnical analysis We tested resistance approximately at the $50 limit; and broke it on Thursday, January 2nd. Now this resistance has become out short-term support. A bull flag is forming today, as a continuation of the bull pattern. Top 10 Portfolio holdings Name - Symbol - % of ETF assets Meituan Dianping - 03690 - 10.43% Alibaba - BABA - 10.19% Tencent Holdings - 00700 - 8.83% Baidu - BIDU - 7.46% JD.com - JD - 6.58% Pinduoduo - PDD - 6.56% Tal Education Group - TAL - 4.27% NetEase Inc - NTES - 4.21% Trip.com - TCOM - 3.45% 58.com - WUBA - 3.36% Top 10 holdings % total = 65.36% Market cap weighings = 65% giant cap / 25% large cap / 10% medium cap
AMEX:KWEBLong
by dorfmanmaster
$Tencent Observation: Flat bottom triangle? $JSENPN $JSEPRXTencent in Hong Kong looks to be developing a flat bottom triangle pattern - otherwise known as a descending triangle. My only concern from a technical perspective is that these patterns are normally continuation patterns which develop in the direction of the preceding trend. However, there are instances when descending triangles form as reversal patterns at the end of an uptrend. Watch for a convincing daily close below the horizontal support line between (318-320). More importantly, a high volume break would provide better confirmation that this is indeed a true breakdown and will also provide a better probability that this pattern plays out. Should this technical pattern work out on a confirmed break below 318, it has a technical target of 243 HK$ which is roughly 24% away from current levels. The repercussions of this playing out has far-reaching consequences for our market given the elevated weightings which Naspers and Prosus occupy on our local indices. What is also interesting to take note of is that the last time we saw the death cross (50dma < 200dma) in Jun/Jul 18' on Tencent, we witnessed the stock have an aggressive sell off from R400 down to R250. This death cross has once again taken place in September..
HKEX:700Short
by MarcoOlevano
Tencent buys 29% stake in Dune and Conan gaming company Funcom The initial rally in OSL:FUNCOM share after news broke that Tencent bought the largest position in the Oslo based gaming company was called off after primary insider Fredrik Malmberg sold a large amount of shares the same day. This is giving the market a chance of buying Funcom stock with a healthy discount compared to the share price payed by Tencent. Funcom have completed a full turnaround of the of the company since the release of survival game Conan Exiles, and is now debt free. This makes the company a very interesting investment opportunity and well positioned on creating great new games based on the Dune franchise. Dune video games coming alongside 2020 movie, says Funcom www.polygon.com PC Gamer: Funcom is making an 'open world multiplayer' Dune game www.pcgamer.com Techcrunch: Chinese social media and gaming giant Tencent is taking a 29% stake to become the largest shareholder in Oslo-based Funcom. techcrunch.com Q2 2019 presentation: cdn.funcom.com Q2 2019 report: cdn.funcom.com FUNCOM N.V. ENTERS INTO EXCLUSIVE PARTNERSHIP WITH LEGENDARY ENTERTAINMENT FOR GAMES IN THE DUNE UNIVERSE investors.funcom.com
FLong
by savepiginvest