Downtrend breakoutThe stock has broken the 3 year downtrend. Buy at 93.90 for a Target of 290. Accumulate between 78-94. With a strict SL of 75.
Tencent Good RR BetTenCent has cracked more than 40% From it highs
And is now available at decent Risk Reward
SL of 400 looks decent and can trail till new highs.
2 Important Things
Trend is now not on Bulls side
Use Fibonacci before entering
China - E-Car - which one for Investments & TradesSince Okt 2020 hyper hyper with Chinese E-Car.
Chart shows relative strengthness on various Producer.
Important: Baidu only with statement to produce E-Cars.
Alibaba Group Analysis For 02-12-2020Alibaba Group Holding Ltd Looking Bullish on 02-12-2020 Go For Buy trade
Key Support Reached for TencentWith the shanghai composite on the key 2400 support with the recent one day 4% intra day up move, the worst for the Chinese equity seems to be behind us. With soft GDP numbers coming in and the trump tarrifs full effect to take place from now on we are to see where this market will go further. Yuan
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