HKEX:700   TENCENT HOLDINGS LIMITED
  • Does the stock price build a double top formation?
  • Will the stock price cross the previous valley low at HKD 511
  • If yes, the formation target price would be HKD 458; another 10% lower
  • There was already a double top formation on the weekly chart February 18
  • After a sharp decrease the stock moved sideways over several months

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