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blue-chip

One NYSE - Listed Entertainment Stock at Resistance Level: TME

Oct 03, 2024 | Team Kalkine
One NYSE - Listed Entertainment Stock at Resistance Level: TME

TME:NYSE
Investment Type
Large-cap
Risk Level
Action
Rec. Price (US$)

Tencent Music Entertainment Group

Tencent Music Entertainment Group (NYSE: TME) Tencent Music Entertainment Group is a holding company primarily focused on operating an online music entertainment platform. It offers online music services, social entertainment services, and other related offerings. The company features four main product brands—QQ Music, Kugou Music, Kuwo Music, and WeSing—providing online music and social entertainment to meet the music entertainment needs of audiences in China.

As per our previous report published on ‘TME’ on 24th September 2024, Kalkine provided an Buystance on the stock at USD 11.23 based on fundamental analysis and the stock price has now moved by ~22.26% since then and is trading above resistance 2.

Noted below are the details of support and resistance levels provided in our previous report:

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