TENCENT"]Fibo 61.8 retracement was strong support line and upper median line has bounced to energy point. Tencent will go to 315
Tencent probably goes to Fibo 138.2% and next sliding parallel line.
What a good company. lol.
WECHAT UNLIKE WHATAPPS & FACEBOOK ARE THE DOMINATOR IN CHINA.
it seems there are only a couple of minor corrections starting in Jan. Super strong momentum even though HSI corrects. It's an opportunity to LONG whenever it corrects. Can you leap call/a simple calendar spread call to trade 700. Or long the stock.
I have a feeling Tencent will break this 4+ year trendline and retest the 22 area. Not a strong feeling.
new highs should follow
