Tencent – on the Wave to the Top…

Tencent  –  Today on ATA Research Radar 

 

ATA Following…

Taiwan Semiconductor Manufacturing 

15.02.2020 –  Taiwan Semiconductor Manufacturing – 5th ELLIOTT WAVE in Action…

Alibaba 

14.02.2020 –  Alibaba – Warning “Black Swan” of Coronavirus…

TATS –  ” ASIAN FANG ” 

TATS –  Taiwan Semiconductor , Alibaba, Tencent, Samsung

7.12.2017 –  TATS WARNING – NOT ONLY NASDAQ FANG…

&

8.08.2019 –  TATS – ASIAN BIG TECH BEAR STRIKE…

FANG+ Index 

6.02.2020 –  FANG + INDEX – BIG TECH BULL WAVE vs LONG TERM HORIZON Major Fibonacci Extensions – Update February 2020…

9.02.2020 –  FANG + INDEX – Spectrum of Research – from Long to Short Term Perspectives…

Nasdaq Comp & Nasdaq 100 

12.02.2020 –  NASDAQ – ELLIOTT WAVE TOP 2020 FINAL COUNTDOWN…

12.02.2020 –  NASDAQ – US Tech Bulls Parabolic Wave vs Secular Horizon Major Fibonacci Extensions – Update February 2020…

 

Tencent  Motives 

Negative Divergence 

Tencent  No New February 2020 All Time High 

vs

Nasdaq & Nasdaq 100 New February 2020 All Time High 

with

China & Global Coronavirus Outbreak Risk Factor 

China Coronavirus Fabricating Numbers Risk

&

Secular Motives 

Tech Boom Cycle

US Big Techs Buybacks 

with

Central Banks Mega Easing Active Wave 

Main Central Players  FED , ECB , BOJ,  PBoC 

 

ATA Research  Secular  Conclusion…

Now  still  Rising Probability of

2000 Year  DOT.COM  Bubble Burst  DEJA VU Scenario

 

Tencent - 1

 

First…ATA  from  8.08.2019  

Tencent

19 months after Master Top  – January 2018 

Key Levels  470 – 476  Zone 

Now dominating

Hybryd H&S Pattern  Forming  

Neck line – Key Level  335   

 

Second…Present Tencent  Situation 

TENCENT  LONG TERM  SITUATION 

ATA MARKET MODEL IN LONG TERM ACTION  

 

ATA MIND OVER MARKETS

Hope is Not a Strategy 

Follow the Trendlines  Not the Headlines 

Failed Signal is the Strongest Signal

 

ATA MARKET MODEL 

First…Market Motive…

Second…Market Technical  Pattern…

 

First…Key Master Motives 

above in this text…

 

Second…Market Technical  Patterns

First of All

All Time High  still  January 2018 Top

Key Level  476.60  HKD 

After

First…No Activated Bear Pattern 

Hybryd H&S Pattern 

Not Break Down Neckline 335 HKD 

Second… Bull Strike – Baskerville Dog Run

Dynamic Rising Wave

above

Psychological Key Level 400 HKD

April 2019 Top – Key Level  400.40 HKD 

Now dominating

Bull Attack toward to January 2018 Top 

vs

FIB RET  Last  Wave Down  78.6 – 88.6% Zone

Key Levels  428 – 450 HKD 

&

MACD Monthly Buy Signal

 

ATA Long Term Investment Conclusion 

Special  Focus on

Present Tencent  Battlefield

400   vs   428 – 450 &  476  HKD 

with

FIB  RET Last  Wave Down

and of course

Next China  US Fut  Markets  Smart Money Moves

New Coronavirus News 

 

 

ATA Wall Street Maximes

MAJOR TOPS  WERE ALWAYS CREATED on SUPER GOOD NEWS

with

EUPHORY PHASE …!!!

vs

MAJOR BOTTOMS  WERE ALWAYS CREATED

on

SUPER NEGATIVE NEWS

with

PANIC PHASE

&

WALL STREET NEVER TOLD YOU…YOU SHOULD SELL…!!!

 

Market Trend always changed when Mainstream Media created 

One Slogan ” No Chance for Change “…

that’s why

Charts show you  Reversal Pattern First  ex ante…!!!

 

Risk strikes Fast…

Chart is More Important than 1000 Words…

Most Important is  Final  Smart Money Reaction….

First… EOM – Now February

 

Tencent   Monthly Charts :

8.08.2019 

Tencent - M - Line

14.02.2020 – EOW

Tencent - M - Line

Tencent - M

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