This morning $TENCENT(00700)$

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This morning $TENCENT(00700)$ is breaking out of its well defined consolidation channel.

$Alibaba(BABA)$ $Alibaba(09988)$ continues to consolidate within its triangle at the lower boundary.

Coupang digesting its recent breakout. I remain pleased with the “outside of US equites” category trade.

HSI: What's Going on Next?

$HSI(HSI)$ thoughts: $Alibaba(BABA)$ and $TENCENT(00700)$ are titans in the Asian markets. Both have progressed through a 70-80% decline from their 2020/2021 peaks. Today both charts show a loose year long pattern of consolidation where the upper resistance boundary is near the long duration moving average (200-day). Given this setup, I find the risk to reward here as favorable and have established initial positions in both. Image Image Follow me to learn more about analysis!! https://twitter.com/tomthetrader1

HSI: What's Going on Next?

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I remain pleased with the “outside of US equites” category trade.</body></html>","text":"This morning $TENCENT(00700)$ is breaking out of its well defined consolidation channel. $Alibaba(BABA)$ $Alibaba(09988)$ continues to consolidate within its triangle at the lower boundary. Coupang digesting its recent breakout. 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Both have progressed through a 70-80% decline from their 2020/2021 peaks. Today both charts show a loose year long pattern of consolidation where the upper resistance boundary is near the long duration moving average (200-day). Given this setup, I find the risk to reward here as favorable and have established initial positions in both.<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/f704408a75cea48da87ea9faf7136a5f\" tg-width=\"900\" tg-height=\"561\">Image<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/83811b1d43340a0b2f0dba3323adaf4d\" tg-width=\"900\" tg-height=\"561\">ImageFollow me to learn more about analysis!!https://twitter.com/tomthetrader1</body></html>","htmlText":"<html><head></head><body> <a data-mention-id=\"HSI\" class=\"teditor-mention\" data-mention-name=\"HSI\" href=\"https://ttm.financial/S/HSI\">$HSI(HSI)$</a> thoughts: <a data-mention-id=\"BABA\" class=\"teditor-mention\" data-mention-name=\"Alibaba\" href=\"https://ttm.financial/S/BABA\">$Alibaba(BABA)$</a> and <a data-mention-id=\"00700\" class=\"teditor-mention\" data-mention-name=\"TENCENT\" href=\"https://ttm.financial/S/00700\">$TENCENT(00700)$</a> are titans in the Asian markets. Both have progressed through a 70-80% decline from their 2020/2021 peaks. Today both charts show a loose year long pattern of consolidation where the upper resistance boundary is near the long duration moving average (200-day). Given this setup, I find the risk to reward here as favorable and have established initial positions in both.<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/f704408a75cea48da87ea9faf7136a5f\" tg-width=\"900\" tg-height=\"561\">Image<img alt=\"Image\" title=\"Image\" src=\"https://community-static.tradeup.com/news/83811b1d43340a0b2f0dba3323adaf4d\" tg-width=\"900\" tg-height=\"561\">ImageFollow me to learn more about analysis!!https://twitter.com/tomthetrader1</body></html>","text":"$HSI(HSI)$ thoughts: $Alibaba(BABA)$ and $TENCENT(00700)$ are titans in the Asian markets. Both have progressed through a 70-80% decline from their 2020/2021 peaks. 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