Quick Win Stock Forecast by the Algorithm: TCTZF a Bullish Winner

 Quick Win by the Algorithm:

On June 24th, 2016, the I Know First algorithm issued a bullish one-year forecast for Tencent Holdings Ltd. (OTCMKTS: TCTZF). TCTZF had a signal of 712.70 and a predictability of 0.67. As a result, in accordance with the forecast, the company’s stock had an eye-popping return of 59.11% over a one-year period, solidifying a quick win by the algorithm.

quick win

Tencent is a Chinese investment holding company with operations in the media, entertainment, payment systems, internet and mobile phone value-added, and online advertising services in China. With a market capitalization of $360 billion USD, and as company of global scale, TCTZF has a well-established and well-diversified position in many different fields, each supporting the health and profitability of the business. TCTZF has also been engaged in a campaign of active investment many startup companies, further developing its capabilities and resources. With this reputation, it will likely be easier for TCTZF to identify new opportunities for deploying its capital moving forward.



10 Best Tech StocksSince the forecast was put forth by the algorithm, Tencent’s common shares have risen quite significantly from $22.65 to $36.08; an approximate 59.11% increase. At the time of prediction, TCTZF had been on its way upwards since the start of 2016. Over the past year, this positive trend movement has continued as TCTZF has proceeded to receive confidence-building media coverage, however not without its own merit. TCTZF has been experiencing positive developments due to its huge diversity of investments. The company’s business model has allowed it to carve out a space as both a tech giant and an active investor in real assets and businesses. The future looks bright for TCTZF.

Current I Know First subscribers received this bullish forecast on TCTZF on June 24, 2016. 

Before making any trading decisions, consult the latest forecast as the algorithm updates predictions daily. You can use the algorithm for intra-day trading. The predictability tends to become stronger with forecasts over longer time-horizons such as the 1-month, 3-month and 1-year forecasts.