denebr

Very bullish on this one

Long
NYSE:TME   Tencent Music Entertainment Group
Looking good on TME in my opinion making all time highs. Very very impressive technicals and especially fundamentals with continuing uptrend of revenue and EPS and would probably fit a CANSLIM stock selection. In terms of pricing, compared to other china stocks like BILI, BIDU, etc. with impressive fundamentals. TME should reach $100 per share as well near their pricings. Probably after this bear market were experiencing right now and low volume, TME would have a high possibikilty it wont go back to this $20 per share right now. Addition to that, you can see a huge volume the other day which represents intstitutional entry plus RSI indicates were almost on the oversold side which is a good entry point.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.