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BBTrader29
Jun 25, 2021 11:17 PM

TME Bollinger Rejection Short

Tencent Music Entertainment GroupNYSE

Description

TME has been consolidating in a range and has now reached the top of that range and got rejected by the upper bollinger band. The bollinger bands are contracting showing more range bound trading from top to bottom of the consolidation range. There soon will be a breakout from this range but i don't think thats coming quite yet. Looking for this to go to the bottom of the range.
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