This stock refuses to correct even to the 10 day MA strong buying power from the mainlanders perhaps Market leader in China with the billion $ market with its friend circle feature and almost everyone in china depends on it Bull call + short Put or bull put if you only do spreads short put whenever it correct
TENCENT"]Fibo 61.8 retracement was strong support line and upper median line has bounced to energy point. Tencent will go to 315
it seems there are only a couple of minor corrections starting in Jan. Super strong momentum even though HSI corrects. It's an opportunity to LONG whenever it corrects. Can you leap call/a simple calendar spread call to trade 700. Or long the stock.
I have a feeling Tencent will break this 4+ year trendline and retest the 22 area. Not a strong feeling.