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JICPT
Mar 15, 2021 6:28 AM

Tencent fell from flip level seeking support at 570-550 Short

HKEX:7001W
TENCENT HOLDINGS LIMITEDHKEX

Description

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weekly: bullish with no doubt.

Daily: price retreated from 690 which happens to be flip level. The below 570-550 is a solid zone with flip & uptrend line & demand zone. Price is likely to rebound from here.

The descending channel is an issue, though not a big one.
Trend AnalysisChart Patternsflip
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