Thoughts on Tencent?

2022-07-12

Hey everyone, I have another trade setup here today $TENCENT(00700)$

On the H4, with prices moving along the descending trendline and moving below the ichimoku cloud, we have a bearish bias that price will drop to sell entry at 330.6 in line with swing low support and 161.8% fibonacci extension. Once there is downside confirmation of price breaking sell entry, we would have a bearish bias that price will drop to take profit at 296.0 in line with swing low support and 100% fibonacci projection. On the other hand, price could rise to stop loss at 362.4 in line with pullback resistance and 61.8% fibonacci projection.

Entry: 330.6 [Smile]

Take profit: 296.0 [Miser]

Stop loss: 362.4 [Cry]

$Tencent 5xLongSG230330(DGGW.SI)$

$Tencent 5xShortSG230202(DTCW.SI)$

Technical Analysis

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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

ccy1122
2022-07-13
ccy1122
[OK] [OK] [OK] [Like] [Like] [Like]
- Azmil8888:
  liked
  like me please
WendyDelia
2022-07-12
WendyDelia
Seems in a critical postition. will keep watching.
Yap0606
2022-07-15
Yap0606
谢谢分享😊
browncow
2022-07-14
browncow
high risk
WebbBart
2022-07-12
WebbBart
some bad news come, I am a bit worried.
Lisa688
2022-07-15
Lisa688
好👌谢谢

Leave a comment

267

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Once there is downside confirmation of price breaking sell entry, we would have a bearish bias that price will drop to take profit at 296.0 in line with swing low support and 100% fibonacci projection. On the other hand, price could rise to stop loss at 362.4 in line with pullback resistance and 61.8% fibonacci projection.Entry: 330.6&nbsp;[Smile]&nbsp; Take profit: 296.0&nbsp;[Miser]&nbsp; Stop loss: 362.4&nbsp;[Cry]&nbsp;<a target=\"_blank\" href=\"https://ttm.financial/S/DGGW.SI\">$Tencent 5xLongSG230330(DGGW.SI)$</a>&nbsp;<a target=\"_blank\" href=\"https://ttm.financial/S/DTCW.SI\">$Tencent 5xShortSG230202(DTCW.SI)$</a>&nbsp;<img src=\"https://community-static.tradeup.com/news/a5d417664e8a810f7e8865d265c15c69\"></body></html>","htmlText":"<html><head></head><body>Hey everyone, I have another trade setup here today&nbsp;<a target=\"_blank\" href=\"https://ttm.financial/S/00700\">$TENCENT(00700)$</a>&nbsp;On the H4, with prices moving along the descending trendline and moving below the ichimoku cloud, we have a bearish bias that price will drop to sell entry at 330.6 in line with swing low support and 161.8% fibonacci extension. Once there is downside confirmation of price breaking sell entry, we would have a bearish bias that price will drop to take profit at 296.0 in line with swing low support and 100% fibonacci projection. On the other hand, price could rise to stop loss at 362.4 in line with pullback resistance and 61.8% fibonacci projection.Entry: 330.6&nbsp;[Smile]&nbsp; Take profit: 296.0&nbsp;[Miser]&nbsp; Stop loss: 362.4&nbsp;[Cry]&nbsp;<a target=\"_blank\" href=\"https://ttm.financial/S/DGGW.SI\">$Tencent 5xLongSG230330(DGGW.SI)$</a>&nbsp;<a target=\"_blank\" href=\"https://ttm.financial/S/DTCW.SI\">$Tencent 5xShortSG230202(DTCW.SI)$</a>&nbsp;<img src=\"https://community-static.tradeup.com/news/a5d417664e8a810f7e8865d265c15c69\"></body></html>","text":"Hey everyone, I have another trade setup here today $TENCENT(00700)$ On the H4, with prices moving along the descending trendline and moving below the ichimoku cloud, we have a bearish bias that price will drop to sell entry at 330.6 in line with swing low support and 161.8% fibonacci extension. 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