Chance of $TCEHY dropping below 60$ by end of this month
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Keep an eye on $TCEHY. I'm seeing some not-so-good signs lately, especially with the stock trading in a narrow range around 61$ for several days, and the volume isn't as high as it should be after the selling pressure. I'd say there's about a 60-70% chance we'll see $TCEHY test the 60$ level again by the end of this month.
The main reason is that the market doesn't seem to have a clear catalyst to easily push the price back up, while pressure from the overall Chinese stock market remains. If it breaks below 60$, we might see further declines. Personally, I think if it drops to that zone, it could be an interesting point for long-term investors to consider buying. But we'll have to look at the overall market factors again.