Mungerism
2022-10-30

$TENCENT(00700)$The tide is beginning to turn for Tencent. It was the biggest recipient of Shanghai/Shenzhen southbound connect. As it it deploy its WeChat ecosystem to diversify into high return consumer internet(with such a tight grip on its user base, it has the best ability to disrupt consumer internet competition ) we should see improving performance  in 2023 

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  • Ah_Meng
    ·2022-10-31
    TOP
    The tide has not turned if the trend chart is to believe... having said that, tencent shares price has fallen deep into oversold territory, given its RSI reading of 22. An opportunity to move into position is just around the corner. Something to take note of.
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    • Gee1Replying toJ288: 
      ok
      2022-11-01
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    • J288: 
      ok
      2022-11-01
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    • Popo123: 
      Cool
      2022-10-31
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  • Humbly
    ·2022-10-30
    TOP
    Tencent should try to invest in areas that are in line with the central government policies. Monopolies are not allowed particularly on the web and cloud space
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    • Mungerism: 
      You make a very good point
      2022-10-30
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    • weijie123: 
      Like and comment
      2022-10-30
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  • winwin123
    ·2022-10-30
    TOP
    hope it turns out to be better and better
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  • Moonlight23
    ·2022-10-31
    Might be safer allocating a small proportion. Chinese markets tend to be substantially influenced by government sentiments
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  • RedpillBluep
    ·2022-11-01
    thanks for sharing ☺️
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  • HSTew
    ·2022-10-31
    its share price has not been performing very well and has been down trend since the Chinese government control on Web and cloud.
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  • gcle
    ·2022-11-01
    good post very informative
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  • Humbly
    ·2022-10-31
    Not easy to guess the low but can start to buy as price is already pretty low
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  • Mr Mooney
    ·2022-10-31
    Chinese share are not so attractive nowadays.valuation is very low
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  • adeley
    ·2022-10-31
    Chinese stonks long road to recovery
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  • breadnbutter
    ·2022-11-01
    would small allocation n diversification n holding power work?
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  • limkels
    ·2022-11-01
    wonderful
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  • Chiweii
    ·2022-11-01
    Wait and see before going in
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  • deInvestor
    ·2022-11-01
    thanks for sharing
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  • Nglt23
    ·2022-11-01
    Thks for sharing
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  • ferwih
    ·2022-10-31
    nice info
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  • JoeCool
    ·2022-10-31
    If the China president allows it
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  • yeoldCK
    ·2022-10-31
    It dipped below 200 before retracing.
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  • tradelaggard
    ·2022-11-01
    thx for sharing, tide not turned. clear strong down trend
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  • Patmos
    ·2022-11-01
    Exc ellent Arty
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