These rising wedges have a tendency to eventually break down when the buyers becomes exhausted. A possible level for a breakdown would be 340, but it's still early days. Wait.
Note
Tencent has reached a point of resistance on this rising wedge. It could start consolidating a little lower for either another leg up, or a break to the downside on this formation.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.