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Amerikaanse aandelen Terug naar discussie overzicht

Tencent Music Entertainment Group ADR

36 Posts
Pagina: 1 2 »» | Laatste | Omlaag ↓
  5. [verwijderd] 16 november 2019 07:45

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    Tencent Music is the last of our media stocks following earnings. TME isn’t a stock to buy though, it’s a short. Based on what I’m seeing from other strategists at InvestorPlace, I’m alone on this call. But after reporting ‘soothing results’ which failed to drum up support from investors, it’s time to respect what the price chart has to say.

    Tuesday’s post-earnings aftermath saw TME stock fall 8%. More important to the bear case, shares established a weekly downtrend after confirming a lower high candlestick pattern. Price action also breached a support line tied to TME’s all-time low. And with stochastics signaling a bearish overbought crossover, all signs point to a short in this media
36 Posts
Pagina: 1 2 »» | Laatste |Omhoog ↑

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