The Investor 101 wrote a post · Sep 1, 2022 12:20

Thoughts on Tencent?

Hi guys, I have a setup here for you $TENCENT (00700.HK)$

On the H4, with price moving above the ichimoku indicator, we have a bullish bias that price will rise from buy entry at 325.0 where the pullback support is to the take profit at 374.5 where the pullback resistance, 78.6% fibonacci retracement and 100% fibonacci projection are. Alternatively, price could break entry structure and drop to stop loss at 297.0 where the pullback support is.

Entry: 325.0

Take Profit: 374.5

Stop Loss: 297.0

$Tencent 5xShortSG230202 (DTCW.SG)$

$Tencent 5xLongSG220808 (DDLW.SG)$