The 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 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
We can check TINPLATE comparison with TIN futures contract.
With Tin prices up closet o 60%++ since the beginning of the year. Tinplate is only about about 34%. With a good result and no sign of cooling down of this metal thus far, Tinplace could play catchup. Long at CMP with a stop below 235. Expect a good move going forward as long as the underelying metal price doesn't correct. First target 262 and if it can break...
Tencent May take a call from the trend ?
Since 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 Holding Ltd Looking Bullish on 02-12-2020 Go For Buy trade
With 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 reaching the psychological level of 7 will be defended by the...