Tencent Fresh Buy Support for the Last Run into an Intermediate Top

Tencent 3Q17: Results Beat Estimates on Soaring Topline; '3x10 Billion' Initiative Launched

Tencent Focuses on Content and Technology for 2018. Stocks Continues to Move Higher.

Tencent (700 HK): Buy the Dip? Not so Fast…

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

<p>Tencent has been a huge performer since our long entry at 220 on March 23, 2107 (nearly double). <a href="https://www.smartkarma.com/profiles/1528" target="_blank" data-smartkarma-citation="accounts:1528">Chris Roberts</a> makes a good case for Tencent moving into a macro stall or peak zone in the next month or two and warrants a more cautious stance going forward. We wanted to get a bit more granular and extrapolate a projection target from the December 2016 base low.</p><p>We found a few key chart points that suggest we see a new high before a corrective cycle begins within the context of our Q4 melt up…</p>

Tencent has been a huge performer since our long entry at 220 on March 23, 2107 (nearly double). Chris Roberts makes a good case for Tencent moving into a macro stall or peak zone in the next month or two and warrants a more cautious stance going forward. We wanted to get a bit more granular and extrapolate a projection target from the December 2016 base low.We found a few key chart points that suggest we see a new high before a corrective cycle begins within the context of our Q4 melt up…

Tencent

Tencent New High and Stall Target