Thoughts on Tencent?

Forexbae
2022-06-16

Hey everyone!

Anyone looking at $TENCENT(00700)$ 

Im looking to get in on a long position at the horizontal pullback support and 61.8% Fibonacci retracement level to my take profit at the horizontal swing high resistance. Altertively, price may break structure and head for my stop loss where the horizontal swing low support.

Entry: 361.5

Take profit: 405

Stop loss: 331

$Tencent 5xShortSG230202(DTCW.SI)$ 

$Tencent 5xLongSG220808(DDLW.SI)$ 

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Comments

  • BurnellStella
    2022-06-18
    BurnellStella
    Maybe it's better to hold Tencent for the long term.
  • LouisLowell
    2022-06-18
    LouisLowell
    Your trading plan is very good. I'll take it into consideration.
  • DonnaMay
    2022-06-18
    DonnaMay
    Hopefully Tencent will rebound next week.
  • MortimerDodd
    2022-06-18
    MortimerDodd
    This stock has no problem breaking 400.
  • Holomatt
    2022-06-16
    Holomatt
    Maybe, maybe not…
  • ALai
    2022-06-16
    ALai
    k
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