In late 2022, 
TME posted its first breakout, climbing to an average of $7.50.
A sustained rally through 2023–2024 drove the price above $15, with the mean level around $11.
Since mid-2024, the stock has been consolidating at these levels, holding firm above both the 30- and 50-period EMAs as well as VWAP. However, volume has yet to pick up meaningfully in this zone. Should the move toward $15 resume, increased volume could spark another breakout.
The next upside target lies in the $22–$32 range.
TME posted its first breakout, climbing to an average of $7.50. A sustained rally through 2023–2024 drove the price above $15, with the mean level around $11.
Since mid-2024, the stock has been consolidating at these levels, holding firm above both the 30- and 50-period EMAs as well as VWAP. However, volume has yet to pick up meaningfully in this zone. Should the move toward $15 resume, increased volume could spark another breakout.
The next upside target lies in the $22–$32 range.
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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.
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.