Chance of $TCEHY dropping below $60 by end of month
Được dịch tự động từ bản gốc · Đọc bản gốc (English)
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 facing selling pressure. I'd say there's about a 60-70% chance we'll see $TCEHY retest 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 a further decline. Personally, I think if it drops to that zone, it could be an interesting point for long-term investors to consider accumulating. However, we'll need to re-evaluate the overall market factors.