TME trade ideas
Tencent Music (TME) Stands Out With Music + Social BlendTencent Music Entertainment Group (TME) is a leading online music platform in China, offering streaming, karaoke, and live entertainment services through apps like QQ Music, Kugou, and Kuwo. With a strong user base and a focus on monetizing social features, TME continues to grow through subscriptions, virtual gifts, and advertising. Its blend of music and social interaction sets it apart in the global digital music space.
TME recently formed a confirmation bar with rising volume and moved above the .236 Fibonacci level, entering the momentum zone. This signals increased buying activity and the potential for a continued move higher. Traders may use the .236 level as a trailing stop reference with the Fibonacci snap tool to manage risk as the trend unfolds.
TME Consolidates After Rally, Eyes $22–32 TargetIn late 2022, NYSE:TME posted its first breakout, climbing to an average of $7.50.
A sustained rally through 2023–2024 drove the price above $15, with the mean level around $11.
Since mid-2024, the stock has been consolidating at these levels, holding firm above both the 30- and 50-period EMAs as well as VWAP. However, volume has yet to pick up meaningfully in this zone. Should the move toward $15 resume, increased volume could spark another breakout.
The next upside target lies in the $22–$32 range.
Chinese Stocks Are Moving Up!Watch NASDAQ:BIDU NYSE:TME AMEX:CWEB NYSE:BABA NASDAQ:NTES NASDAQ:PDD . Most are breaking out
Scoop up some strong ones!!
Reasoning
Whole Industry is moving!
Use strong bars to draw trendlines, most times spikes should be left out!
Consolidation seems done
Correction is not overextended
Good Relative Strength
Great earnings
RSI tested bullish range multiple times
Multiple Bullish Days
Always try to use 2 timeframes
My Would Be Trade Plan
- Risk about 1.5ATR and aim to ride up to 4.5ATR (1:3)
- Raise stop once Trade moves 2ATR in your direction
- Add on new highs after a pullback. (Then raise stop to keep original risk and also do not modify the target price)
Main Sources of My Knowledge
Mark Minervini
Constance Brown
William O'neil
Speakers on Trader Lion Youtube
Adam Khoo
My Indicators
14 Period RSI.
9SMA and 45EMA Moving Averages added
Composite by Constance Brown
This is for catching failures in the RSI.
The RSI is a bounded indicator so sometimes fails to catch divergences. This indicator helps show that
Composite Settings
Author : Constance Brown (Connie Brown)
RSI Length : 14
RSI Momentum Length : 9
SMA Length : 3
Fast Simple Moving Average : 13
Slow Exponential Moving Average : 33
TME Triple TopTME looks like a triple top. See reference image. I do believe we will return to the range between $5.50 - $10.50, and see a low in the 5-$6 range over the next several months. We can see a bearish divergence aligns with the three tops (RSI is decreasing for each of the three tops).
As always, classical technical analysis patterns increase in probability when utilized on the longer timeframes. We can see this setup forming on the weekly-timeframe, which I believe significantly increases the reliability of this setup.
Good luck, stay safe, have fun, and make money my friends.
Tencent Music (TME): Digital Music Expansion Fuels Stock GrowthTencent Music Entertainment Group (TME) is China’s leading online music platform, offering streaming services, social entertainment, and music licensing. Through its apps, including QQ Music, Kugou, and Kuwo, TME provides users with access to an extensive music library, live-streaming, and interactive music experiences. With China’s digital music market expanding and increasing user engagement through social features, TME continues to capitalize on the growing demand for online entertainment.
The stock chart recently displayed a confirmation bar with increasing volume, moving into the momentum zone, which occurs when the price rises above the 0.236 Fibonacci level of the current trend. This signals strong investor confidence and suggests the potential for further gains as buyers step in.
Tencent Music (TME) – Streaming Growth & Fan Engagement Company Overview:
Tencent Music Entertainment NYSE:TME is a leading digital music streaming platform with a 35.7% stock return over the past year, signaling strong market confidence.
Key Catalysts:
Q4 2024 Earnings on March 18 📊
Analysts anticipate positive results, which could boost investor sentiment.
Bubble Service Expansion on QQ Music 🚀
The new partnership with SM Entertainment’s Dear U enhances artist-fan engagement, increasing user retention and monetization.
Diverse Platform Ecosystem 🎧
Platforms like QQ Music, Kugou, Kuwo, and WeSing provide stable revenue while reducing reliance on any single platform.
Strategic Entertainment Partnerships 🤝
Collaborations with major entertainment entities expand TME’s content library and user engagement, solidifying its industry position.
Investment Outlook:
Bullish Case: We remain bullish on TME above $11.00-$12.00, driven by user growth, service expansion, and industry alliances.
Upside Potential: Our price target is $19.00-$20.00, backed by earnings growth, new services, and a strong content strategy.
🔥 Tencent Music – The Future of Digital Streaming & Fan Engagement. #TME #MusicTech #StreamingStocks
TME - UniverseMetta - Analysis#TME - UniverseMetta - Analysis
The price has formed a triangular correction + breach of the upper trend line, which may indicate a continuation of the uptrend with a global target of 22.17
If we consider short-term prospects, the nearest target is 14.50 per share. We can also take into account the older timeframe, which suggests the possible beginning of a 5-wave structure. The potential yield could be 73% from breaking the trend line.
Target: 14.50 - 22.17
Translated with DeepL.com (free version)
Why Tencent Music Entertainment Could double your investmentHello,
Over the years, I've developed a passion for identifying undervalued companies that often go unnoticed yet possess immense potential. These are the outliers—companies that have the ability to significantly grow your portfolio. One such company is Tencent Music Entertainment Group (TME).
Tencent Music operates a portfolio of popular online music platforms, offering music streaming, online karaoke, and live streaming services. Its major brands include QQ Music, Kugou Music, Kuwo Music, and WeSing. As of the second quarter of 2024, Tencent Music reported approximately 571 million monthly active users (MAUs). Of these, 117 million were paying subscribers, marking an impressive year-on-year growth rate of 17.7%. In comparison, its larger competitor, Spotify, has 626 million MAUs and 246 million premium subscribers across 184 regions. Given that Tencent Music has yet to fully expand into new markets, this presents a substantial growth opportunity.
Financially, Tencent Music boasts a market capitalization of $20.59 billion and a basic earnings per share (EPS) of $0.50 USD. For the fiscal year ending in 2023, the company generated $3.79 billion in revenue, with net income growing to $694.42 million. Notably, Tencent Music has no preferred shares, which enhances shareholder value. The company also holds $3.87 billion in cash and short-term investments, while its total liabilities stand at $2.57 billion, meaning it could cover all liabilities with its cash reserves alone.
Additionally, the book value per share (BVPS) stands at $5.14 USD.
From a technical analysis perspective, the stock appears to have reached a bottom and is currently in a corrective phase, signaling potential for further upside. Our recommendation is to buy around $10 USD, with a price target of $28 USD.
Good luck, and happy trading!
Tencent Music: Docked inTME recently reached our magenta Target Zone (between $9.55 and $6.84) and is now trading just below its upper edge. We expect a deeper dive before the magenta wave (ii) comes to a well-deserved end. With the low in place, the share should then rise again and head for a new three-year high with the same-colored wave . Investors can therefore play the long side within the Zone, whereby stops could be placed 1% below the lower edge or at the support at $5.70.
Taking On Discipline In StagesOnce you have decided that you need discipline in your trading, knowing where to start can be difficult and overwhelming. There are many pieces to a trading plan, and it's easy to feel overwhelmed.
You can break the task into manageable sections and master one discipline at a time, or focus on the the discipline you need. This approach makes the process more manageable and ensures that each aspect of your trading strategy is given the attention it deserves.
Trading Plan Components: Each of these sections should have objective rules so there isn't any escape room.
Method Rules
Entry Rules
Stop Rules
trailing Stop Rules
Exit Rules
Journaling
Trade Plan for TME, COIN
Shane
Tencent Music ,,, Buy opportinity Uptrend
It has passed a long term correction like a pullback. After this trend line It seems new moving will be started after this breakout but if you are a low risk trader, its better you wait for breaking $15 level by setting a sl at about 13.75. Finding end of a correction in a powerful trend has been my priority.
Tencent Music ($TME) Beats First Quarter Revenue Estimates Tencent Music Entertainment Group, (NYSE: NYSE:TME ) a Chinese audio entertainment platform, beat Q1 revenue estimates by a steady rise in paid subscriptions and advertising services on its Spotify-like music streaming platform. The platform reported revenue of 6.77 billion yuan ($935.9 million) for the quarter ended March 31, beating analysts' expectations of 6.63 billion yuan.
However, revenue declined 3.4% from the previous year. Tencent has capitalized on its position as the largest Chinese music-streaming platform with an attractive licensed music library while continuing to focus on advertising services and artist merchandise. Paying users at its online music streaming service rose 20.2% to 113.5 million from a year earlier.
The company's revenue from online music services rose 43%, driven by solid growth in music subscription revenue. However, revenue from its social entertainment services dropped 49.7% due to the government's crackdown on online gambling in 2023 and increased competition from rival NetEase's Cloud Music and Bytedance-owned short video-sharing platform Douyin.
Technical Outlook
We are expected to see an Upside Gap or gapping effect prior to the earnings report. Tecent Music ( NYSE:TME ) stock has a Relative Strength Index (RSI) of 66.56, which clearly indicates an uptrend. The stock has been in a Rising wedge at the end of September 2023 towards this year consecutively surging towards new highs.
TMEIn December, the Chinese government released draft new regulations aimed at curbing excessive spending and time wasting in video games. Shares of the industry's biggest players: NetEase and Tencent, which generate 100% and 50% of their operating profit from video games, fell slightly on the news, but were bought back.
Firstly, this is still a draft document and is likely to undergo changes after consultation.
Secondly, having rules will only strengthen the position of the big players in the market and create additional barriers for new ones.
tp1 12.9
tp2 16.9
Tencent Set to Release 'Dungeon and Fighter' Mobile Game in May Tencent Holdings, ( NYSE:TME ) the Chinese multinational giant, has announced the release of its highly anticipated mobile game, 'Dungeon and Fighter: Origin'. Developed by Korean company Nexon, the game is a mobile adaptation of the popular computer game 'Dungeon and Fighter', which is considered to be one of the world's most profitable computer games.
This announcement comes after seven years of development, during which the game initially received government approval for release in 2017, before having its approval revoked. However, Tencent was granted a new license for the game in February of this year.
The official release date for 'Dungeon and Fighter: Origin' has been set for May 21. The action game is expected to be a significant addition to Tencent's mobile game portfolio, given its immense popularity and profitability.
Technical Outlook
Tencent Holdings, ( NYSE:TME ) stock is up 2.29% prior the fundamentals trading above the 200-day Moving Average (MA) with the Relative Strength Index (RSI) of 58. The stock has consolidated in price for the 2nd time starting a new rising trend after the current consolidation faced at $11.76 pivot point.
TME Tencent Music Entertainment Group Options Ahead of EarningsAnalyzing the options chain and the chart patterns of TME Tencent Music Entertainment Group prior to the earnings report this week,
I would consider purchasing the 11usd strike price Calls with
an expiration date of 2024-4-19,
for a premium of approximately $0.43.
If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
Tencent Music Gains Reach $735 Million, Despite Revenue DeclineTencent Music Entertainment ( NYSE:TME ), China's leading digital music company, has defied market expectations with a significant surge in net profits despite a slight decline in revenue for the year 2023. The company's robust performance reflects a strategic pivot towards driving profitability through enhanced subscriber conversion and retention, underscoring its resilience and adaptability in the evolving digital entertainment landscape.
Navigating Revenue Challenges:
Despite experiencing a modest 2% decline in revenue to $3.91 billion for the year, Tencent Music ( NYSE:TME ) delivered an impressive 36% increase in net profits, reaching $735 million. The fourth quarter saw profits soar to $198 million, showcasing the company's ability to capitalize on evolving market dynamics and emerging opportunities.
Success in Music Streaming Subscriptions:
Tencent Music's success story is underscored by the remarkable growth in music streaming subscriptions, which witnessed a 39% increase in revenue to $1.70 billion. This growth was driven by a 21% rise in paying subscribers, reaching 107 million, coupled with a 20% increase in average revenue per subscriber. Despite a slight dip in monthly active users (MAUs) for online music, the company continues to command a significant share of China's digital music market, with over 40% of the population accessing its streaming services monthly.
Navigating Social Entertainment Challenges:
While the 'social entertainment' segment faced challenges, including a decline in MAUs and monthly average revenue per user (ARPU), Tencent Music remained focused on leveraging its content and platform strengths to drive sustainable growth. The company's strategic initiatives, including expanded user privileges and AI-empowered products, played a crucial role in enhancing subscriber conversion and retention amidst a competitive landscape.
Strategic Vision and Growth Potential:
Executive Chairman Cussion Pang highlighted the pivotal transition at Tencent Music in 2023, emphasizing the company's commitment to shaping the music industry's robust development. With a focus on capturing multi-faceted opportunities and leveraging its dual engines of content and platform, Tencent Music remains well-positioned to capitalize on the vibrant growth potential of the digital entertainment sector.
Investments in Innovation and AI:
CEO Ross Liang emphasized Tencent Music's investments in innovation, particularly in leveraging artificial intelligence to enhance user experience and drive music discovery. The integration of AI in music streaming and social entertainment platforms underscores the company's commitment to delivering personalized and engaging experiences for users while supporting artists' creative endeavors.
A Strategic Player in the Global Music Industry:
As a major stakeholder in Spotify and Universal Music Group, Tencent Music's influence extends beyond the Chinese market, positioning the company as a key player in the global music industry. With its strategic partnerships and relentless focus on innovation, Tencent Music continues to shape the future of digital entertainment, driving growth and delivering value to shareholders and stakeholders alike.
Tencent Music Entertainment Group(TME) share price rose over 35%Tencent Music Entertainment Group's (symbol ‘TME’) share price rose by more than 35% performing extraordinary in the last quarter of the year. The company’s earnings report for the fiscal quarter ending December 2023 is expected to be released on Tuesday, March 19th, before the market opens. The consensus EPS is $0.13, up from $0.12 in the same quarter last year.
The enviable performance of the company in the fourth quarter of 2023 is also reflected in the latest published financial statements. As of 30/09/2023, the company had a current ratio of more than 245% showing that any short-term financial difficulties could be easily handled with the current assets at hand. Also in the last seven quarters the company had declining revenues but the net profit in these same quarters kept rising. This shows that the company managed to lower its costs, especially the operating costs, and therefore increased its net profits substantially. These lower costs have also a direct relation to the decline in long-term debt which means less interest payables.
Technical analysis shows the price has reacted on the resistance of the upper band of the Bollinger bands and is currently correcting to the downside at the time of this report being written. The Stochastic oscillator is not recording any overbought or oversold levels while the 50-day moving average is trading well above the 100-day moving average validating the overall bullish momentum in the market. Today’s session has already covered the price gap created recently while the $10 price area is the first area of possible support which is the psychological support area of the round number as well as the recent price reaction of last week.
$TME: Long term trend continuationTencent Music Entertainment Group (NYSE: TME) recently reported strong financial performance, with notable increases in revenue and net profit. The company's diversified business model, spanning online music subscriptions, social entertainment, and live-streaming, contributed to its success.
Tencent Music's focus on user engagement and monetization, particularly through growing subscription-based revenue, reflects a positive trend. Despite challenges such as competition and regulatory scrutiny, the company remains optimistic, investing in technology and content to maintain its position in the digital entertainment industry.
Overall, Tencent Music's financial resilience and adaptability showcase its ability to navigate market complexities while meeting the rising demand for online music and entertainment services.
NYSE:TME 's chart shows a very appealing Time@Mode buy signal in monthly scale. This suggests we can expect continued upside in the stock for almost a year from here, with the target being $17.90 or higher by then. Downside risk is a bit over 20%, which makes this a very high reward to risk trade.
Best of luck!
Cheers,
Ivan Labrie.
TME, its TIME to move UPSIDE -- generously!TME is amassing massive volume based on weekly data.
Net buy volume has increased almost 4-folds from 10M average volume to a whopping 38M, thanks to a rosy quarterly earnings AND new opportunities in the spectrum for the company.
The stock has broken its weekly descending trend line. Higher lows on both histogram and pricing has been created cementing the current price range as the new base for the coming series of ascend.
No brainer decision. SEED on this one.
Spotted at 7.0
TAYOR
Safeguard capital always.
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Financials
Quarterly financials
MAR 2023
(CNY) Mar 2023 Y/Y
Revenue 7B 5.42%
Net income 1.15B 88.51%
Diluted EPS 0.72 100%
Net profit margin 16.39% 78.74%
Operating income 1.14B 90.98%
Net change in cash 2.57B 46.08%
Cash on hand - -
Cost of revenue 4.69B 1.99%
