Hey guys!
What are your thoughts on $TENCENT(00700)$ ?
I personally think theres still some room for bearishness with the recent break of the support (our entry) and how price is moving below the ichimoku cloud. Hoping for price to pullback and retest at 352.5 where our entry is and probably play it to 297 where the 61.8% Fibonacci projection and horizontal swing low support is. I'll have my stop loss tight at 379 where the last swing high was which aligns with the 38.2% Fib retracement.
Entry: 352.5[What]
Take Profit: 297[Sly]
Stop Loss: 379[Spurting]
$Tencent 5xShortSG230202(DTCW.SI)$
$Tencent 5xLongSG220808(DDLW.SI)$
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