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TCEHY Tencent Head And Shoulders Chart Pattern

Short
Tencent Holding Ltd. (OTC:TCEHY)  
TopgOptions  
OTC:TCEHY   Tencent Holding Ltd.
Trend Analysis Technical Indicators Fundamental Analysis TCEHY tencent tencentholdings ARK SELL selloff china crackdown signal
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trendanalysis indicator fundamental tcehy tencent tencentholdings ark sell selloff china crackdown signal
In the chart you can see a schoolbook Head And Shoulders Bearish Chart Pattern.

Theory says that you measure the distance from the neckline to the top and then consider the same distance to discover the bottom from the neckline down.

In this case it coincides with the strong 40usd support!

ARK also sold its positions in TCEHY Tencent Holdings Limited.

I`m looking forward to read your opinion about it!

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