TECHNICAL ANALYSIS

TENCENT is poised for further upside after breaking out of a four-week rectangular consolidation pattern. The potential crossover between the 20-day and 50-day EMAs displays a building upward momentum. Additionally, the MACD line crossing above the signal line with strengthening momentum supports a positive near-term outlook. We expect the bullish momentum to propel the stock towards the next resistance level.

Fundamentals

Net profit is expected to grow at a CAGR of 9% for the next 3 years with strong net margins of more than 30%.

Source: Rakuten Research - 10 Dec 2024

To sign up for an account: http://bit.ly/40BNqKI

[Youtube Tutorial] Account Opening & Enable Foreign Equity: http://bit.ly/3I5Jzxo