TCEHY fell and coming close to any uptrend line at 48.50. RSI has remained flush at 51% before and held. Support come in at 44.88 S2. News that Tencent will buy 10% of Spotify if and when it goes on the market.
Note
Tencent still faltering. Looking for a buy at 46.5Note
Tencent moving back up. 58 targetNote
Tencent bounced out of the hole and is rising. Target R1 at 54.9131Note
Tencent showing signs of further upside to 54.9131Note
Tencent up, going for 60.Note
Tencent continues to rise. Still looking for 60. Next target R2 at 57.28
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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.