In today’s briefing:
- Tencent Second Rejection – 305 Buy Zone
Tencent Second Rejection – 305 Buy Zone
- Tencent’s rally back to the 285 resistance saw a second rejection confirming a b-wave top and our base case call for a C wave slide to the 305 buy support.
- Corrective structure to align with RSI low just under 30 as the buy zone. Sell volumes are on the backfoot.
- Macro long zone remains at 305/280 to challenge the 385 bull/bear divide. Near resistance at 370.
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