$TENCENT shows sign of rebound with bottom formed

TENCENT shows sign of price bottoming on last Thursday with high volume supporting the price from going down lower. (Yellow square box)

Based on our analysis, the rebound signals further sets in with price recover more than 50% of the Friday morning price fall. This indicating demand is coming back in after 2 weeks retrace & selling pressure easing. Which could lead to a price rebound in the coming weeks.

Our trading method: we are looking into Bull CBBC on this potential short term rebound.

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