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dchua1969
Sep 12, 2023 2:30 AM

Has Tencent bottomed out ? Long

TENCENT HOLDINGS LIMITEDHKEX

Description

We see from weekly chart that it has multiple support at current price of 315. For those who believes in the potential of this company can start to accumulate/buy now or wait for it to clear the resistance at 388.20.

Let's see how it goes ....

Comment

291 next support level as it has crash through the support level at 315

Comment

yes it is frustrating to see this once a darling of China keep going south.......its fundamentals are still strong but the overall weak buying sentiments in HK/China is pulling it down...Be patient

Comment

OK, great now that it is back above the resistance turn support line, let's see if it has momentum to continue rally towards 400

Comment

added more
bullish signal
Comments
Investing_Trading
Nice work.
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