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Could lead to an exciting entry opportunity in the future. I have Tencent on my watchlist and it is one of the few Chinese companies that does not oppose the government. Apart from that, the company is not only active in the gaming sector. I'm curious to see how far it falls and if everyone is out and nobody wants it, I'll get in 🤣
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@BamBam84 let me know when you get on. I'm coming with you. What is your target course for joining?
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@Esperanza Support should be strong around EUR 30, which is also where the stock turned in 2022 when China crashed. Let's see what the Americans do today, but in my opinion the risk/reward potential should be good around EUR 30. Lg
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@Esperanza Perhaps it will recover relatively quickly if this is revised a little.
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@BamBam84 Yes, it fits. Actually, I also have respect for the company. WeChat, Tencent Cloud, Tencent music and video platform and all the games. For me, it's China Meta and all that. WeChat pay is used everywhere, so it's already very entrenched in the economy
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@BamBam84 China corrections usually experience such sell-offs near the bottom.
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@Esperanza yes exactly, that's why I find it so exciting
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@Dirty30 I'm thinking about how to proceed here now, could also recover quickly. Just wait and see
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@BamBam84 difficult to say. I currently only have BYD on my watchlist. All the others are simply being held.
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@Dirty30 although Tencent offers less risk than BYD in my opinion. BYD would have to collapse a little more in terms of valuation.
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@BamBam84 i believe that tencent will recover quite quickly. i am considering buying more.