Tencent Holdings – Bad News On The Doorstep

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Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

<ul>
<li>Tencent is commencing a fresh down leg below 413 support. We have been bearish/short from the 500 handle with a projection of 370.</li>
<li>Tencent's breakdown is lagging the HK tech index  which raises conviction for Tencent weakness/follow through to the downside.</li>
<li>320 macro support attracts in Q3 as long as we stay below 413.</li>
</ul>


Tencent is commencing a fresh down leg below 413 support. We have been bearish/short from the 500 handle with a projection of 370.
Tencent's breakdown is lagging the HK tech index  which raises conviction for Tencent weakness/follow through to the downside.
320 macro support attracts in Q3 as long as we stay below 413.


Tencent

Tencent Support to Give Way