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$SPDR S&P China ETF(GXC.US$
Zoom out to month chart and u will see a distinctive pattern.. Its a correction but its the speed and velocity that is alarming.
Price reached the target 40 percent correction in record time compared to mkt turbulence in 2015
Zoom in weekly chart
Price closed the gap (29 Jun 2020) .
Head & shoulder pattern. Price broke neckline. The measure distance should be 92.3
However, there is a multiple confluence of zone at 107 ish.
Bullish pin bar forming on day chart. Hence expect a rebounce.
Draw a straight line from top to bottom, chart presents a perfect sig wave.
Sell volume is decreasing..
To summarize
There is a good chance of rebounce, even though there is a lingering concern, drop to measured target distance of H&S. Price can go lower Unless pattern smooth out.
I am thinking, price will rebound, then retest the low. 104.7...
Zoom out to month chart and u will see a distinctive pattern.. Its a correction but its the speed and velocity that is alarming.
Price reached the target 40 percent correction in record time compared to mkt turbulence in 2015
Zoom in weekly chart
Price closed the gap (29 Jun 2020) .
Head & shoulder pattern. Price broke neckline. The measure distance should be 92.3
However, there is a multiple confluence of zone at 107 ish.
Bullish pin bar forming on day chart. Hence expect a rebounce.
Draw a straight line from top to bottom, chart presents a perfect sig wave.
Sell volume is decreasing..
To summarize
There is a good chance of rebounce, even though there is a lingering concern, drop to measured target distance of H&S. Price can go lower Unless pattern smooth out.
I am thinking, price will rebound, then retest the low. 104.7...
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$TENCENT(00700.HK$
Too many people actually look at short-term growth, the longest is only a quarter, revenue growth of 20%, revenue growth of more than 10%, let alone the impact of corporate operating leverage on corporate profits
Too many people actually look at short-term growth, the longest is only a quarter, revenue growth of 20%, revenue growth of more than 10%, let alone the impact of corporate operating leverage on corporate profits
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$Hang Seng Index(800000.HK$ downward trend for two weeks already. any signs of recovery?
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$TENCENT(00700.HK$ Tencent holdings which runs the world's largest video gaming business by revenue, plans to sharpen its focus on metaverse-like developments by assembling an internation team for a new studio that will develop advance games for the next stage of the internet The new gaming studio will be under subsidary TiMi studios.
- Tencent shares has been beaten down due to china recent crackdown of tech company
- Tencent is eyeing the metaverse space with new investment , joining peers like facebook in silicon valley.
- Other big names such as baba, IQiyi and Kuaishou is also joining the fray
- The potential for the spae could be worth an estimate of $800 billion by 2024
For those looking to invest in the gaming space where innovation is key for its success, look no further than Tencent, one of the biggest players in the world of gaming. Consider investing in Tencent as shares prices have recently been beaten down by chinese regulations and it might be a good time to scoop up some cheap shares.
If you wish to leverage on this, consider using DLCs
5x short $Tencent 5xShortSG230202(DTCW.SG$
5x long $Tencent 5xLongSG220808(DDLW.SG$
- Tencent shares has been beaten down due to china recent crackdown of tech company
- Tencent is eyeing the metaverse space with new investment , joining peers like facebook in silicon valley.
- Other big names such as baba, IQiyi and Kuaishou is also joining the fray
- The potential for the spae could be worth an estimate of $800 billion by 2024
For those looking to invest in the gaming space where innovation is key for its success, look no further than Tencent, one of the biggest players in the world of gaming. Consider investing in Tencent as shares prices have recently been beaten down by chinese regulations and it might be a good time to scoop up some cheap shares.
If you wish to leverage on this, consider using DLCs
5x short $Tencent 5xShortSG230202(DTCW.SG$
5x long $Tencent 5xLongSG220808(DDLW.SG$
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