TENCENT - ready to move UPTENCENT is a solid company that has been hit from the ongoing turbulence in the region.
The chart shows us that practically since January the stock gradually entered in a long 4th wave (down).
The projections of this move gave a target (black line) not far from the low of past Friday.
In addition Momentum shows that the stock is deeply oversold.
So, with solid Fundamentals, with Wave 4 almost over and with Momentum in deeply oversold area, I see an opportunity in the upcoming 5th Wave.
