Thoughts on Tencent?
Hola guys! Let me know what you think about this setup on $TENCENT (00700.HK)$
With price moving below the ichimoku, if price retraces again, I'm looking to get in at 401 where the horizontal pullback resistance, resistance of ichimoku cloud and 50% Fibonacci retracement is and playing it to 298 in line with the horizontal swing low support. I'll have my stop loss at the next horizontal pullback resistance at 421 where the 61.8% Fibonacci retracement is.
Entry: 401![]()
Take Profit: 298![]()
Stop Loss: 421![]()
$Tencent 5xLongSG231214 (DIHW.SG)$
$Tencent 5xShortSG231214 (DMIW.SG)$
With price moving below the ichimoku, if price retraces again, I'm looking to get in at 401 where the horizontal pullback resistance, resistance of ichimoku cloud and 50% Fibonacci retracement is and playing it to 298 in line with the horizontal swing low support. I'll have my stop loss at the next horizontal pullback resistance at 421 where the 61.8% Fibonacci retracement is.
Entry: 401
Take Profit: 298
Stop Loss: 421
$Tencent 5xLongSG231214 (DIHW.SG)$
$Tencent 5xShortSG231214 (DMIW.SG)$
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102640653 : Looking at upside above 420 . Should be strong
COST1R8M : make a choice to live or die without losing