Tencent: China AI Momentum Play with Technicals

Tencent stands out for its dividend, buybacks, strong margin expansion, increased cash, and plus WeChat in mainland China was quite strong this past quarter. However, we want to emphasize that any trades on Tencent or Baidu are momentum trades only. These are not shared with Pro or Essentials Members and are more like crypto, where technicals not only lead but are roughly 90% of the decisions we make around the position. Below is research into Tencent’s financials with the gentle reminder that the technical analysis section below is the ultimate determining factor in how we manage the momentum position.

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