Bullish on Tencent
- Recent pullback to Fib 61.8 (275)
- Ans has since broken a key level (329) which was also the many support and resistance of the past
- That bounce had gone up strongly
- A bull flag is now formed with a breakout possibly to 492
- Longer term fib extension also points to 492
- Friday also had a strong breakout candle out of the current flag range
Looking to accumulate if there is a backtest of 392
Tencent Daily 14 July 2024
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