Tencent stock has reversed in 2024

Tencent's stock has reversed course, fueled by an impressive 54% surge in Q1 2024 adjusted net income.

Key drivers include booming online ad revenue, promising gaming outlook with new game “Dungeons and Fighter”, diversified growth from fintech and cloud, and a doubling of share buybacks. Easing regulations and bullish technical indicators further support the stock’s upward momentum.
In the video, I also provided evidence from price movements why Tencent (700.hk) trend has reversed and possibly tradeable zones.
Investors might consider warrants and DLCs to tap into price movement in Tencent.