Hello everyone. It's a good day for tech bullish buyers, especially Tencent fans.
On the daily chart, I found the retest has been completed with a bullish leg-out candle formed today. Looking above, the next challenge is the gap from HKD513 to HKD528. Also, there is a downtrend line which may weigh on it.
Looking forward, the valuation is attractive and I'm bullish on the stock. Though, it could have a second fall to the level of HKD479 before coming back again.
What's your opinion? Give me a like if you're with me.
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Into the battle zone.
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Keep going up inside the gap. Almost break it.
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Tencent tumbled today after authorities summoned gaming companies to ensure that new rules has been properly implemented.
@Jezza323, That's a good question. As I mentioned in my post that price may I think price may fall to the level of HKD479 before coming back again. I already observed that price got a reaction to the level. Without any bad news coming out, I think it's likely to challenge the gap again. Let's see.