Thoughts on Tencent?
Hey guys! I have brought another setup today $TENCENT (00700.HK)$
On the H4, with prices expected to bounce off the stochastic support, I would expect prices to rise from buy entry at 362.0 where the pullback support and 100% fibonacci projection are to the take profit at 403.5 in line with swing high resistance and 61.8% fibonacci retracement. Alternatively, price could break entry and drop to stop loss at 325.0 where the swing low support is.
Entry: 362.0![]()
Take Profit: 403.5![]()
Stop loss: 325.0![]()
$Tencent 5xLongSG230330 (DGGW.SG)$
$Tencent 5xShortSG230202 (DTCW.SG)$
On the H4, with prices expected to bounce off the stochastic support, I would expect prices to rise from buy entry at 362.0 where the pullback support and 100% fibonacci projection are to the take profit at 403.5 in line with swing high resistance and 61.8% fibonacci retracement. Alternatively, price could break entry and drop to stop loss at 325.0 where the swing low support is.
Entry: 362.0
Take Profit: 403.5
Stop loss: 325.0
$Tencent 5xLongSG230330 (DGGW.SG)$
$Tencent 5xShortSG230202 (DTCW.SG)$
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