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$TCEHY - watching 58.80 support after today's low
Been keeping an eye on Tencent $TCEHY today, and it dipped to 58.81 before catching a bid back to 59.31. That 58.80-58.81 area seems to be holding up so far. It's close to where it bounced a couple of times last week, which makes me think it might be establishing itself as a near-term support level. If it breaks decisively below that, especially on volume, I'd have to re-evaluate the short-term picture. Curious to see how it plays out in the next session.
1 comments · 17 points
Good call on watching that level. I'm seeing something similar on my charts; it definitely looks like a significant zone. Are you also looking at the previous high around 60.50 as potential resistance if it manages to hold 58.80?