JICPT| Tencent bouncing from previous low with better earning!Hello everyone. The reported earning today is way better than the estimated number. However, I noted a gap down at the opening with previous low sitting around HKD 421.
Basically, the continuation of the crackdown on the tech companies worried investors. Today's upper wick candle suggested selling pressure.
The nearest support level is previous low of HKD 421. What's the next key support level if 421 is violated?
On the Monthly chart, HKD 394 is identified as a confluence supporting l
History repeat itself?700, Last time Largest Share holder sold their share around mid - Mar, then, the sold off ended the same day HSI future final day. Oct 30, 2018
from the top of sold date, it drops 47.14%
This time, the same share holder sold their share beginning of Apr with high at 656.40, if we cut it by 47.14% and make the low date of HSI oct final settlement day, then. we should see
Price: 656.40-309.4 = 347
Date: OCT 28, 2021
EO500 Tracker: Tencent Boost Overseas Sales Amid COVID-19Founded in 1998, Tencent is one of the oldest big tech companies in China. The tech giant has dominated the entertainment universe, focusing on integrating its digital ecosystem.
With the acquisition of Riot Games, Tencent has amplified its global influence in the entertainment and game industries. In recent years, while its funding activity in some countries, like Korea, were entertainment-focused, the firm's M&A and investment in other regions, such as India, were more comprehensive, aiming t
DieCast Manufacturer has 5,180% stock price gain over 12 months.Hong Kong listed LK is in the business of designing, manufacturing and selling Die Casting Services and Machines, Plastic Injection Moulding Machines & CNC Machining Centres world wide.
Their stock price has seen massive gains over the last 12 months and with a bit of a pullback could be worth keeping an eye on.
Protecting the Grey Rhinos .......Read about this biopharm company here
China is in a catch 22 position now - on one hand , the government is pumping in money to support the High Tech industries like Ecommerce, automation, Electric Vehicles, RFID, Robotics, AI, etc and on the other hand, they know that they are faced with an aging population.
The latter will hit its supply chain hard as more people are expected to support the older workers down the road and with rising wages, its competitiveness as the world factory may be h
JICPT| Tencent pending breakout to challenge bearish structures!Hello everyone. It seems HK investors calmed down a bit regarding the tightened regulation on tech companies from Beijing. Let's have a look at Tencent.
On the weekly chart, price has closed above key level of 477(flip and moving average). The emotional selling seems to be over.
On the daily chart, price refused to create lower low with a nice gap-up formed today, indicating strong momentum. But I do notice trouble zone of 510-523 ahead . I will pay close attention on the arrival and candle
China Tower Achieves CNY 42.67 Bn in Revenue in H1 2021Benefiting from the pulling effect of 5G construction, China Tower revenue and profit have gradually increased in recent reporting periods.
On August 9, 2021, China Tower released the H1 interim performance of 2021. According to the financial report, the company achieved operating revenue of CNY 42.67 billion in the first half of the year, up 7.2% year-on-year. The net profit of the company reached CNY 3.46 billion, a year-on-year increase of 16.1%. At the same time, more surprising is that the
XIAOMI.....A glory future for the company? (2)Hello Traders,
Update for XIAOMI!
At January 4th, the stock set it's ATH @ 35.90 HK$! Since, the stock is in a corrective mode, which is not done to the downside.
Either we see a wave 3 at the top and wave 4 was done on March 8 @ 20.65 HK$ or, and it would fit much better to my view, we have a complete 5 waves at the top, with a wave a/w at 20.65, a wave b/x at 30.45 and a wave c/y to come!
What makes the difference between both alternates?
A wave c must run below the wave a low, to make a „no
Geely Auto Cup and Handle Strong Buy ENG/DEIf Geely Auto closes above 29.65HKD in the next week, the cup would be completed with Henkel and would have Short-Term to Medium-Term a price target of 38.45 / 44.80 / 49.30 / 57.90 HKD
Over the long term (1-5 years), a price increase of up to 581.90HKD to 1493.90HKD would be possible.
The Geely Holdings has a joint venture with Daimler
DE
Wenn Geely Auto in der nächsten Woche über 29.65HKD schließt, wäre die Tasse mit Henkel abgeschlossen und hätte Kurzfristige bis mittelfristige ei
Good company with excellent future prospectsProbably one of the best ideas in the Chinese stock market along with Alibaba. The company has excellent financial performance, good technical picture on the chart, lots of other assets. There are certainly risks that the situation could get worse, so I will buy in parts @ 470-400.
$0700.HK Tencent, big weekly level here.. Trendline + 200wmaThis chart needs no comment but clearly a great level for investors looking to fill their boots if we can hold onto the longer term TL + 200 week ma. Tencent doesn't often get oversold under 30 - in fact, it has only been this oversold twice since 2005.























