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blue-chip

One NYSE- Listed Movies & Entertainment Stock at Resistance Level: TME

Apr 04, 2025 | Team Kalkine
One NYSE- Listed Movies & Entertainment Stock at Resistance Level: TME
Image source: shutterstock

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

Tencent Music Entertainment Group (NYSE: TME)

Tencent Music Entertainment Group (NYSE: TME) is a holding company focused on operating an online music entertainment platform. It offers a range of services, including online music streaming, social entertainment, and other related offerings. The company manages four major brands—QQ Music, Kugou Music, Kuwo Music, and WeSing—through which it delivers music and social entertainment experiences tailored to the needs of audiences in China.

As per our previous US Dailies report published on ‘TME’ on 18th March 2025, Kalkine provided an Buystance on the stock at USD 13.06 based on fundamental analysis and the stock price has now moved by ~9.65% since then and is trading above resistance 1.

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

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