Huat99
2022-03-15

$TENCENT(00700)$$Tencent Holding Ltd.(TCEHY)$
15/3/2022 Tencent daily chart
Tencent closed with an Inverted Hammer, a potential bullish candle pattern
three conditions met:
1. shadow is more than twice of candle body
2. occurs with a gap down from previous day
3. volume is the highest over past 6 months

share price could have a short term rebound back along $335 ~ $350
void if share price continues to dip below today's Low

Inverted Hammer candle pattern article reference:
https://www.elearnmarkets.com/blog/trade-with-inverted-hammer-candlestick/#

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.

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Comment（19）

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  • blinky
    ·2022-03-15
    An excellent company's share price has fallen like this. I really can't understand the current market.
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  • PandoraHaggai
    ·2022-03-15
    I believe there is hope ahead and Tencent is still an excellent company.
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  • DonnaMay
    ·2022-03-15
    Today's trading volume is very large, maybe it is bottom-hunting by funds.
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  • luckyone
    ·2022-03-15
    waiting for a good time to enter. wondering if now is that time....
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  • hd87
    ·2022-03-15
    Thanks for sharing :)
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  • 47ebd6a1
    ·2022-03-15
    I don't mind to wait a bit first..
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  • BurnellStella
    ·2022-03-15
    I agree with you, now we can try to buy Tencent.
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  • Maria_yy
    ·2022-03-15
    I think we can buy in small positions.
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  • MR_Wu
    ·2022-03-15
    Tencent's stock price is now very cost-effective.
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  • MR_Wu
    ·2022-03-15
    The Fed will raise interest rates tomorrow, which is not good for the stock market, so be careful.
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  • MortimerDodd
    ·2022-03-15
    No one can predict whether Tencent will continue to be suppressed by the policy.
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  • LouisLowell
    ·2022-03-15
    I'd rather watch it for a while.
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  • HilaryWilde
    ·2022-03-15
    It is very important to set a stop loss.
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  • 夏日的温度
    ·2022-03-17
    👍
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  • Bs777
    ·2022-03-17
    Wow
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  • Todkie
    ·2022-03-16
    Nice
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  • Mighty Mouse
    ·2022-03-16
    [smile]
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  • kianfoo
    ·2022-03-15
    nice
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  • WEESIN
    ·2022-03-15
    😁
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