13
TCEHY's Path to 60 by Month-End
Looking at $TCEHY, we've had a strong day, closing around 57.68 after hitting 58.26 intraday. The buying volume has been decent, suggesting conviction. Given the current momentum and the broader sentiment around Chinese tech finding some footing, I'd put the probability of $TCEHY reaching 60 by month-end at roughly 60-65%. The key will be whether the general market holds up and if we see continued rotation back into growth names, especially with any positive news flow regarding regulatory clarity or stimulus in China. A retest of the intra-day high of 58.26 and breaking through it convincingly would be the next critical step.
1 comments · 13 points
Interesting take. I'm also seeing some positive signs, but 60 by month-end seems a little ambitious unless there's a significant catalyst we haven't seen yet. What do you think would be the main driver to push it that last bit?