dchua1969

Has Tencent bottomed out ?

Long
dchua1969 Updated   
HKEX:700   TENCENT HOLDINGS LIMITED
We see from weekly chart that it has multiple support at current price of 315. For those who believes in the potential of this company can start to accumulate/buy now or wait for it to clear the resistance at 388.20.

Let's see how it goes ....
Comment:
291 next support level as it has crash through the support level at 315
Comment:
yes it is frustrating to see this once a darling of China keep going south.......its fundamentals are still strong but the overall weak buying sentiments in HK/China is pulling it down...Be patient
Comment:
OK, great now that it is back above the resistance turn support line, let's see if it has momentum to continue rally towards 400
Comment:
added more
bullish signal
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