RSI Negative Reversal again in Tencent's chart
Actualizado
Another RSI Negative Reversal again in Tencent's chart.
Operación cerrada: objetivo alcanzado
Currently Tencent is hanging below 359, a major trend line in the chart. We still have more questions than answers ahead.Will the price surpass 375-380 range? If it does, what does the RSI chart look like (another RSI negative reversal or not) ?
If 359 is to become the short term resistance, will 348 be the support? If 348 isn't enough, 333? 323?
Nota
The price climbs up to 365 and is falling again. Another RSI Negative Reversal may come if the bear becomes stronger with 348 mark touched.Operación cerrada: objetivo alcanzado
Another RSI reversal formed. We could expect a lower low than last time.Nota
After touched down to 309, price went back up a bit. Not sure if that will lead to closure of current RSI Negative Reversal which started by Aug 10 and pattern formed by Aug 28.Nota
What's sure is that a short term pull-back can be expected. We can see that since histogram on Derivative Oscillator reached its peak.Operación activa
A short-term pull back pattern is formed on Derivative Oscillator and Tencent is back to 323, first resistance benchmark. Next one will be 333.
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