Price Action To Observe: TENCENT HOLDINGS LTD (TCTZF) on Focus After Interesting Change

November 29, 2016 - By Clifton Ray

Price Action To Observe: TENCENT HOLDINGS LTD (TCTZF) on Focus After Interesting Change

The stock price of TENCENT HOLDINGS LTD (OTCMKTS:TCTZF) recorded $0.4 in recent trading, touching $25.2 and getting interest from avid investors. It’s the latest price, but let’s analyze how the stock has been doing recently. In the past year, TENCENT HOLDINGS LTD’s stock was 32.00%. According to the short interest report published recently, (TCTZF) had 32.07 million shorted shares for 1853.9 days to cover. The prior short interest was 32.27M for a $-0.63 change. The 52-Week High and Low are noted here. -11.58% (High), 50.00%, (Low). The stock had 17,300 average volume.

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When moving into land of penny stock trading, one must determine whether the risk-reward ratio is favorable. Penny stocks can be tremendously attractive. Hollywood often shows selling or trading stocks being easy and fun, with millions of dollars earned as profits. It’s important to identify that there is considerable risk involved when putting money in penny stocks. The risks list include market volatility, getting stuck with fake shell firms created for the only objective of the ‘pump and dump’. For those who are not aware with the term, pump and dump happens where brokers promote the equity until prices rise, then sell the stock, leaving novice investors to bear the loss.

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It is a common thing to get caught up in the excitement of penny stock email bulletins. Though the circulars are a helpful means to get ideas, wise investors still perform due diligence on interested stocks. Some penny stock circulars show a disclaimer at the bottom that states something like ‘We are not market advisors, we’ve got compensation and we may have this stock in our portfolio.’ Further study must be carried out to find out if a firm actually has businesses or is simply a home office.

Many a times, when a promotional plan is designed, there are big shareholders offloading shares they might have bought long ago, waiting for an opportunity to recoup their investments. It never indicates that these firms termed as ‘fake’ aren’t good options for short-term trading. If you have disposable money that you can put in use to make a quick trade, what a firm does is less significant than recording a win on a trade. In such a scenario, things like stock promotions are advantageous for shareholders as they throw more light on a dark or defunct firm.

Look at a promotion last year of Cynk Technology (CYNK), which surged all the way to $21.95 from low of 6 cents. The firm itself had very little to deliver as far as fundamentals or operations are concerned, and its shares price was purely led by trading activity.

Disclaimer: The information contained on this website and from any communication related to this website is for information purposes only. The material on this website does not constitute advice and you should not rely on any material in this website to make (or refrain from making) any decision or take (or refrain from making) any action.

More notable recent Tencent Holdings Ltd (OTCMKTS:TCTZF) news were published by: Bloomberg.com which released: “Tencent Now China’s Top Company in Private Economy Triumph” on September 05, 2016, also Bloomberg.com with their article: “Tencent’s Splurge on Entertainment Pays Off in Record Profit” published on August 17, 2016, Marketwatch.com published: “Tencent to increase bank loan for acquisitions to $4 billion” on May 16, 2016. More interesting news about Tencent Holdings Ltd (OTCMKTS:TCTZF) were released by: Bloomberg.com and their article: “Tencent Said to Sign $3.5 Billion Supercell Acquisition Loan” published on October 14, 2016 as well as Bloomberg.com‘s news article titled: “Africa’s Biggest Company Sees Education as New Growth Market” with publication date: November 28, 2016.

Tencent Holdings Limited is a Hong Kong investment holding firm principally engaged in Internet-related businesses. The company has a market cap of $236.67 billion. The main Internet platforms of the Company include QQ, Qzone and Wechat, among others. It currently has negative earnings. The Firm operates through three divisions.

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