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Category Archives: Trading Stocks, Market Indices and Futures

Tencent weekly chart mid-2013 to May 2018

Tencent (700.hk) double top in Q1, neckline broken

Tencent analysis on weekly and daily time frame. Key features: double top chart pattern confirmed, no longer bouncing off 13-wema, 20-day and 50-day ema dead cross. Until 408 is recovered, this stock will terminate last 6 bulllish years and we will have to find out where bottom is.

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