ROUNDnSURGE89

TENCENT Peak Formed Yesterday

Short
HKEX_DLY:700   TENCENT HOLDINGS LIMITED
Recent short term rebound shows peak sign yesterday with morning price surge erased in the afternoon. Which indicates selling pressure are coming back after rebound.

We entered into a Callable Bear Contract yesterday at the peak with the analysis of current downtrend reacts more sensitive to sign of selling pressures. Which we see a possible short term price down coming up.

While there are no sign of supporting at the bottom in the past few months of price down. We might see downtrend to continue.

What is Callable Bull/Bear Contract?
Is a structured product like warrants & options. It is similar to Daily Leverage Certificates (DLC) listed in SGX. It provides leverage on underlying securities while limiting the risk to the trade value. At the same time it provides unlimited returns potential at a lower price per units.

However, do take note of the "knock-out" feature when the underlying securities hits the contract strike price. Contract suspend & not able to "revive" after, the losses are limited to the amount you trade on the contract.


About our analysis :
Utilizing the dynamic insights from a 5-minute chart. By closely examining this timeframe, we dissect the intricate volume and price transactions of significant market players. Our aim is to identify short-term support and resistance levels, enabling informed trading decisions. Through this meticulous analysis, we decipher price patterns and trends, providing valuable guidance for traders navigating the fast-paced realm of stock trading.

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