Chart Source: Poemsview 15th Sept 2020
Tencent (700.hk) needs little or no introduction is China’s largest game developer and owns the China version of whatsapp WeChat. Its owner’s Pony Ma is the richest man in China surpassing Jack Ma.
Tencent is part of the HSI component and takes up close to 9.9% of the HSI component. So when tencent moves, it could bring the HSI along with it.
Tencent is one of the hot favourites for traders and investors and hence we covered it in our Value added service to our clients, creating more value for them.
This was just sent out monday morning before the HK market open so that our clients had time to digest the info. We’re glad Tencent went according to plan and covered the gap up to HK$533. Where are we targeting next? We have drawn possible support and resistance for our clients as a guide and educational purpose so that we can pass on our views and share information with them.
Drop us a message if you would like to find out more and learn how you can be included in our latest service to our clients.