China Internet Weekly (10Apr2023): Tencent, Douyin, Bilibili, Alibaba, Baidu, World Perfect

Tencent (700 HK) - This Is Not the Selldown You Are Looking For

Battle Lines Drawn As BABA Builds Out First/Last-Mile Capacity; But Who Will Fund 75+ Bn CNY CapEx?

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

<ul>
<li>Tencent's rally back to the 285 resistance saw a second rejection confirming a b-wave top and our base case call for a C wave slide to the 305 buy support.</li>
<li>Corrective structure to align with RSI low just under 30 as the buy zone. Sell volumes are on the backfoot.</li>
<li>Macro long zone remains at 305/280 to challenge the 385 bull/bear divide. Near resistance at 370.</li>
</ul>


Tencent's rally back to the 285 resistance saw a second rejection confirming a b-wave top and our base case call for a C wave slide to the 305 buy support.
Corrective structure to align with RSI low just under 30 as the buy zone. Sell volumes are on the backfoot.
Macro long zone remains at 305/280 to challenge the 385 bull/bear divide. Near resistance at 370.


Tencent

Tencent Second Rejection - 305 Buy Zone