Thoughts on Tencent buy?
Hey guys! What do think of my setup $TENCENT(00700.HK$
On the H4, prices are above the ichimoku cloud, hence I have a bullish view on Tencent that prices will rise from my buy entry at 361.5 in line with pullback support and 61.8% Fibonacci retracement to my take profit at 377.0 in line with 78.6% Fibonacci projection and swing high resistance. Alternatively, price may break entry structure and drop to stop loss at 348.5 in line with swing low support.
Entry: 361.5![]()
Take profit: 377.0![]()
Stop loss: 348.5![]()
On the H4, prices are above the ichimoku cloud, hence I have a bullish view on Tencent that prices will rise from my buy entry at 361.5 in line with pullback support and 61.8% Fibonacci retracement to my take profit at 377.0 in line with 78.6% Fibonacci projection and swing high resistance. Alternatively, price may break entry structure and drop to stop loss at 348.5 in line with swing low support.
Entry: 361.5
Take profit: 377.0
Stop loss: 348.5
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娜娜的粉丝 : If Xi is re-elected, he will avoid it. On the contrary, if Xi fails, it will soar.