TENCENT HOLDINGS LIMITED
Long
Updated

Has Tencent bottomed out ?

423
We see from weekly chart that it has multiple support at current price of 315. For those who believes in the potential of this company can start to accumulate/buy now or wait for it to clear the resistance at 388.20.

Let's see how it goes ....
Note
291 next support level as it has crash through the support level at 315
Note
yes it is frustrating to see this once a darling of China keep going south.......its fundamentals are still strong but the overall weak buying sentiments in HK/China is pulling it down...Be patient
Note
OK, great now that it is back above the resistance turn support line, let's see if it has momentum to continue rally towards 400
Note
added more
bullish signal

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