JICPT| Tencent in the late stage of accumulation
Hello everyone. It's been a while since I published ideas regarding Tencent. After analyzing the global market to identify the sweet spot to park the assets for my client, Tencent again got my attention.
From the daily chart, we can see the key anchored level around HKD412 is well respected after massive sell-off with above the normal volume. In my opinion, Tencent is in the process of accumulation, perhaps, the late stage.
The upper boundary of the sideway channel is HKD515 to HKD528. I'm looking for big size candle with high volume to take over it.
By setting the alert, let's see how it reacts to the boundary this time. The next target after confirmed breakout is HKD644.
What do you think? Give me a like if you're with me.
From the daily chart, we can see the key anchored level around HKD412 is well respected after massive sell-off with above the normal volume. In my opinion, Tencent is in the process of accumulation, perhaps, the late stage.
The upper boundary of the sideway channel is HKD515 to HKD528. I'm looking for big size candle with high volume to take over it.
By setting the alert, let's see how it reacts to the boundary this time. The next target after confirmed breakout is HKD644.
What do you think? Give me a like if you're with me.
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