- Recent pullback to Fib 61.8 (275)
- Ans has since broken a key level (329) which was also the many support and resistance of the past
- That bounce had gone up strongly
- A bull flag is now formed with a breakout possibly to 492
- Longer term fib extension also points to 492
- Friday also had a strong breakout candle out of the current flag range
Looking to accumulate if there is a backtest of 392
Tencent Daily 14 July 2024
@melson @TigerStars @macroB @CaptainTiger @Deposit
$TENCENT(00700)$
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments
New to the tiger but loving reading the tips