TME is amassing massive volume based on weekly data. Net buy volume has increased almost 4-folds from 10M average volume to a whopping 38M, thanks to a rosy quarterly earnings AND new opportunities in the spectrum for the company.
The stock has broken its weekly descending trend line. Higher lows on both histogram and pricing has been created cementing the current price range as the new base for the coming series of ascend.
No brainer decision. SEED on this one.
Spotted at 7.0
TAYOR Safeguard capital always.
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Financials Quarterly financials MAR 2023
(CNY) Mar 2023 Y/Y Revenue 7B 5.42% Net income 1.15B 88.51% Diluted EPS 0.72 100% Net profit margin 16.39% 78.74% Operating income 1.14B 90.98% Net change in cash 2.57B 46.08% Cash on hand - - Cost of revenue 4.69B 1.99%