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Tencentsignals

Tencent Holdings (TCEHY) Poised for a Breakout Toward New HighsTencent Holdings Limited (TCEHY) is currently trading within a well-defined ascending channel, with price action averaging $68–$69. The key resistance level at $73—a price last seen in 2020—appears weak and could be easily broken, given the company’s strong positioning in China’s expanding economy. With Tencent’s involvement in gaming, artificial intelligence, and quantum technologies, its growth prospects remain robust. If the $73 resistance is cleared, the next major target is $81. A decisive move beyond this level would set the stage for a potential retest of its 2021 high of $99, with the possibility of surpassing it as Tencent continues to capitalize on new technological advancements. Given these factors, Tencent could be on track to reach new all-time highs by the end of 2025, making it a key stock to watch in the evolving global tech landscape.
OTC:TCEHYLong
by QuantumFusionWave
4
TENCENT Buy signal at the bottom of the Channel Up.Tencent Holding (TCEHY) has been trading within a Channel Up since the November 15 2023 High and on Monday it made contact with the pattern's bottom (Higher Lows trend-line). As the 1D RSI turned oversold and rebounded, we believe that this is the best buy opportunity in almost 1 year. Technically we should see the new Bullish Leg emerge now and a break above the 1D MA50 (blue trend-line) would confirm that, as it did on March 11 2024, which was only broken under again after the new Higher High was priced. We are targeting a little below the 1.618 Fibonacci extension at $73.00. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
OTC:TCEHYLong
by TradingShot
TENCENT Most optimal level to sell long-termTencent Holding LTD (TCTZF) has been trading within a long-term Channel Down since the January 30 2023 High. Such +1 year consistency is hard to overlook technically, especially since the price got rejected last week not just on the Channel Down top (Lower Highs trend-line), but also on the 1D MA200 (orange trend-line). It has to be said that despite the rejection and the fact that the 1D MA200 has been essentially the Resistance since the August 10 2023 bearish break-out, it did manage a closing above it for the first time in such a long time-frame but the last Thursday - Friday strong rejection, potentially shows that the market hasn't shaken off the long-term bearish sentiment. On top of that, the 1D RSI got rejected exactly on its Resistance, the 70.00 overbought barrier, which is where it got rejected right before the last Lower High on November 14 2023. As a result we turn bearish again on this stock, targeting $32.00, which represents a -21.12% decline from the top, the lowest decline it had within this +1 year Channel Down on the March 15 2023 Low. In fact all Bearish Legs have been pretty symmetrical, ranging from -21.12% to -24.85%. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
OTC:TCTZFShort
by TradingShot
1