Tencent Holdings Ltd (TCEHY) - 16th November 2023 | @ 74 Days | + 9.74%

Last trade: + 9.74% | 'B' class signal detected in Tencent Holdings Limited (TCEHY). Running at an average wavelength of 74 days over 13 iterations since April 2021. Currently peaking.

Instrument Summary

Tencent Holdings Ltd (TCEHY) is a Chinese multinational technology conglomerate, known for its extensive portfolio of brands and services. Some of its notable businesses include WeChat, one of the world's largest messaging platforms; QQ, a popular instant messaging service; Tencent Video, a leading online video platform; and Tencent Games, a major player in the gaming industry with hit titles like Honor of Kings and PUBG Mobile. Additionally, Tencent has investments in various tech companies globally.

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ΣL Cycle Summary

This magnificent signal was very much in line with the most recent ‘80 day nominal’ component trough in global equity indices and perhaps was even a leading indicator. Amplitude has increased dramatically from the trough and likely indicates a larger low has occurred around mid - late October this year. This wave is due to peak in the next week or two (early sell at the time of writing), it will be interesting to see if the peak of this instrument also portends a peak in global indices of the common periodic component described above. A very frequency stationary wave indeed.

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Trade Update

See also: Live ΣL Portfolio & History

Summary of the most recent trade enacted with this signal and according to the time prediction detailed in the previous post for this instrument, linked below.

Type: Buy - Tencent Holdings Ltd (TCEHY) 13th October 2023
Entry: 13th October 2023 @ 39.00
Exit: 16th November 2023 @ 42.80
Gain: 9.74%

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Current Signal Status

Defining characteristics of the component detected over the sample period.

Detected Signal Class: B - learn more
Average Wavelength: 73.76 Days
Completed Iterations: 13
Component Yield Over Sample: 197.42% - learn more

Time Frequency Analysis