In the video, I explained why $TENCENT(00700.HK)$ is heading up.
It can be seen clearly from charts.
If you haven’t watch the video, watch it now.
Now, the price is at a resistance of 332.
If you had bought in around 305, that would be a nice 13% profit in a short period.
If the price breaks above 332, I will update it in another post.
Follow me for fresh updates!

.US Stock Market Review 8 – 12 Apr 2024
$Dow Jones Industrial Average(.DJI.US)$ -2.59%
$Nasdaq Composite Index(.IXIC.US)$ -0.76%
$S&P 500 Index(.SPX.US)$ Standard -1.70
Stocks stumbled on Friday as techs lost their winning ways, and as investors reeled from the banking sector's mixed results to kick off earnings season.
Event to watch: 15 Apr US Retail & Core Retail Sales, 17 Apr US Crude Oil Inventories, 18 Apr IJC & Existing Home Sales.
.MY Stock Market Review 8 – 12 Apr ...

$Tesla(TSLA.US)$ Big news from Tesla—they've just cut the monthly price for their Full Self-Driving (FSD) software from $199 to $99. It's a big move, considering the tough financial times they're facing.
The FSD, now renamed "FSD (Supervised)," still requires drivers to keep an eye on the road and be ready to take control. Despite its name, it's not fully autonomous, and there have been some issues with the system being a bit unreliable. Tesla's been under ...

$Affirm Holdings(AFRM.US)$ shares slip 1.9% in premarket trading after rival $AFTERPAY LTD SPONS ADS ECH REP 1 ORD SHS(AFTPY.US)$ introduces a Buy Now, Pay Later subscription service in the U.S.
Afterpay stock gains 0.9%.
Merchants, including Fabletics, IPSY, BoxyCharm, and Savage X Fenty, will be among the first to offer consumers the option to pay for recurring purchases in installments starting early next year.
The new service allows qualified merchant partners to potentially offer Afterpay for everyday payment needs including gym memberships, entertainment subscriptions, online services and more.
The subscriptions will be available to consumers across online platforms in the U.S. and Australia by early 2022, with plans to extend the feature in-store and to other regions including Canada, New Zealand, the U.K., and Europe.
$PayPal(PYPL.US)$, which also has a BNPL service, drops 0.7% in premarket trading.
In August, $Block(SQ.US)$ agreed to buy Afterpay for ~$29B in stock.

Central banks could drive stocks higher all the way through to the middle of 2023, but that would create a serious economic risk when the bubble bursts, according to Stifel.
"We calculate that a bubble driven by current central bank real yield repression may take the $SPDR S&P 500 ETF(SPY.US)$to 5,500 mid-2022 and 6,750 mid-2023, creating a systemic risk when it bursts," Stifel says.
Real rates saw a jump higher yesterday, but are still historically low. The 10-year inflation-protected $iShares TIPS Bond ETF(TIP.US)$is at -0.98%.
There have been just two equity bubbles in Wall Street's history: 1928-1928 and 1998-1999 and "neither ended well for stock or economic conditions," Stifel says.
Now, a third bubble is "percolating," the team adds.
The question is whether the Federal Reserve will lean against the risk of a bubble or just let asset prices rip, "magnifying financial risk when it bursts."
What can the Fed do? Watching the 10-year real yield is key to assessing market risk and the possibility of an S&P correction, Stifel says.
Stifel says that to forestall risk, the Fed may "tilt more hawkish while at the same time the Biden/Yellen duo may support the stronger dollar ( $USD(USDindex.FX)$) that accompanies such a Fed shift (a strong dollar subdues energy & food inflation in a supply-constrained inflation environment and improves the chances that BBB overcomes inflation concerns among Senate moderates, while also affecting the timing of a reconciliation bill to lift the U.S. debt ceiling)."
"This combination of factors may raise U.S. real yields and lower the S&P 500 P/E."
Watch Cyclicals and Defensives. Cyclical stocks have led the market rebound from the pandemic low on an equal-weight basis.
Actions like the above by the Fed and administration would cut into the reflation that favors Cyclicals over Defensives.
Stifel recommends going overweight some defensive stocks in sectors like Utilities ( $Utilities Select Sector SPDR Fund(XLU.US)$), Consumer Staples ( $Consumer Staples Select Sector SPDR Fund(XLP.US)$) and Health Care ( $The Health Care Select Sector SPDR® Fund(XLV.US)$) for the current quarter and Q1 2022.
They underweight some cyclical subsectors in Financials ( $Financial Select Sector SPDR Fund(XLF.US)$), Energy ( $Energy Select Sector SPDR Fund(XLE.US)$) and Materials ( $Materials Select Sector SPDR ETF(XLB.US)$).
BMO says that the still-hot tech sector can outperform next year, even with rising rates.

I am not a $NVIDIA(NVDA.US)$ shareholder.
Nobody's perfect.
But if I did own it, I certainly would never sell it.
NVIDIA has been an outstanding long term investment.

$SoFi Technologies(SOFI.US)$ Buying a financial company that makes no money. Wild.
You have to really be bad at what you are doing to not make money in the financial industry, saying that as someone involved. If you aren't making money it's because you don't know what you're doing.
The excuse people will want to give is that they are investing in technology. Technology for what? They aren't making money, so therefore technology isn't warranted. They need to understand what they actually do before expanding and doing anything else.
Willing to bet their investor base also has absolutely no understanding of what they're investing in.