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joseph_tan
Aug 21, 2020 5:50 AM

Bullish Engulfing - TCEHY Long

Tencent Holding Ltd.OTC

Description

Bullish Engulfing Pattern formed after few constipating candles.
Price were consistently supported by 61.8%, last price closed above 50MA is another plus point to the trade.

However, suggest to protect profit as potential resistance at the gap above (78.6%).
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