Watching TCEHY Around the 55 Mark - A Brief Look

Been keeping an eye on $TCEHY today, and that 55.00-55.30 zone seems to be acting as a bit of a magnet. We saw it dip to 54.84 earlier and rebound, and it's currently trading around 55.35. If it can hold above 55.00 on any further intraday tests, it might suggest some underlying support building. I'm looking at potential plays involving a synthetic long if it consolidates, but the primary risk here, of course, is a definitive break below 54.80, which would pretty much invalidate that short-term support idea for me.