Exit Case: GDS Holdings Ltd. (NASDAQ: GDS)

GDS Holdings Ltd. (NASDAQ: GDS) engages in developing and operating data centers in China. It builds, operates, and transfers data centers at other locations. GDS has been a part of the 'Momentum Model Portfolio' since Dec 31, 2024. Therefore, an 'Exit' stance from the Momentum Model Portfolio is recommended on the stock at the current market price of USD 40.91 as on February 14, 2025 (6:40 am EST).

GDS’ Daily Chart

New Entry Case:  Tencent Music Entertainment Group (NYSE: TME)

Overview: Tencent Music Entertainment Group (NYSE: TME) engages in the business of operating online music entertainment platforms to provide music streaming, online karaoke, and live streaming services. 

Technical Analysis: TME's daily chart shows a bounce off a key support level, indicating a possible near-term bullish reversal. The 14-day RSI is moving above 50, reinforcing this positive outlook. Given the company's demonstrated resilience, a sustained uptrend is increasingly likely, potentially leading to a retest of prior highs. TME appears poised to capitalize on current momentum and achieve further gains in the short term.

TME’s is recommended as a new entry in the 'Momentum Model Portfolio' as on Feb 14, 2025. Considering the technical analysis, support and resistance levels, an 'Entry' is recommended in the 'Momentum Model Portfolio' at the Current market price of USD 13.30 as on February 14, 2025 (9:00 am EST).

TME’s Daily Chart

Support and Resistance Summary

Note 1: Past performance is neither an Indicator nor a guarantee of future performance.

Note 2: The reference date for all price data, and currency as of February 14, 2025. The reference data in this report has been partly sourced from REFINITIV.

Note 3: Investment decisions should be made depending on an individual's appetite for upside potential, risks, holding duration, and any previous holdings.

Disclaimer

This information should not be relied upon as personal financial advice by Kalkine on (i) the stocks or (ii) the use or suitability of the model portfolios. Only an investor knows about their circumstances to make an investment decision.

Model Portfolio has been prepared for illustrative purpose only and does not take into account the objectives, financial situation or needs of any particular investor. Accordingly, investors should, before acting on the information, consider its appropriateness, having regard to their objectives, financial situation and needs. Past performance is not necessarily indicative of future performance results. Actual investment returns will vary, and the value of investments can go up or down.