To The Moon

$TENCENT(00700)$ Cup and Handle Breakout

Tencent Holdings (0700.HK) has recently formed a cup and handle pattern, a bullish continuation setup often indicating potential upside momentum.

• Cup low: ~HKD 415.4

• Breakout neckline: ~HKD 542.5

• Height of cup: 542.5 - 415.4 = 127.1

Potential Target

If the breakout sustains above HKD 542.5, the measured move target is approximately: HKD 542.5 + 127.1 = HKD 669.6

About Cup and Handle

• A cup and handle breakout often suggests accumulation and renewed buying interest.

• Sustaining above HKD 542.5 may confirm the pattern and keep momentum intact.

How to Use DLCs for Short-Term Trading

• Bullish scenario: If Tencent holds above HKD 542.5, traders may consider Long DLCs (e.g. $Tencent 3xLongSG271125(9NPW.SI)$ ) to capture potential upside.

• Bearish scenario: If price fails to hold above HKD 542.5 and retraces, Short DLCs ( $Tencent 5xShortSG260513(9VHW.SI)$ ) may be considered to capture downside opportunities.

• Always manage risk as DLCs are leveraged products, and price volatility can amplify gains and losses.

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Disclaimer: 

This document is not an offer or solicitation to buy or sell, nor financial advice or recommendation for any investment product. This document has been published for general circulation only. 

This advertisement has not been reviewed by the Monetary Authority of Singapore. This post is sponsored by Societe Generale, Singapore Branch. The content of this article does not form part of any offer or invitation to buy or sell any daily leverage certificates (the “DLCs”), and nothing herein should be considered as financial advice or recommendation. The price may rise and fall in value rapidly and holders may lose all of their investment. Any past performance is not indicative of future performance. Investments in DLCs carry significant risks, please see dlc.socgen.com for further information and relevant risks. The DLCs are for specified investment products (SIP) qualified investors only.