In today’s briefing:
- Tencent Holdings Ltd (700 HK) – Q2 2023 Correction Presents a MT Buying Opportunity at 302/330
Tencent Holdings Ltd (700 HK) – Q2 2023 Correction Presents a MT Buying Opportunity at 302/330
- At TMA we deliver high probability outcomes by focusing on our 3 pillars of technical analysis. •1) Response to key levels. •2) Price action. •3) Momentum confirmation.
- Since peaking in January 2023, Tencent Holdings Ltd (700 HK) has produced a meaningful ABC correction that is yet to confirm its completion.
- We anticipate the correction confirming a MT bottom in the 302/330 range, ahead of a renewed multi-month uptrend. Our bullish multi-month target at 451.95 remains firm.
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