"Standard & Poor's raised its rating on Tencent to A+ this April, anticipating revenue growth of 30 to 35% in its Weixin and WeChat chat apps. Those apps are for far more than chat, though -- they are used ubiquitously in China for everything from ordering food to hailing a cab, by almost one billion people (902 million daily active users as of the start of this month, and counting)"
It's overbought. The rsi in going down now, i'm buying a little more now. This thing shoots up, gets oversold, drops a little, then shoots right back up beyond. The latest analyst price I've seen in 66 dollars. This stock is going up, and up, and up.
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