Tencent's Deep Correction Will End At $250 ??

From a technical and Fibonacci angle, we should see a halt of the recent deep correction near $250 (i.e. 0.764% correction of the 2017's bull run started from $180 to $475). The 2018's correction was widely expected and from the previous historical data of the two big corrections of Tencent, a 40%-50% drop from all-time high should attract bargain hunters to accumulate this tech giant at a low level. My personal view is that the first wave of correction had already ended and we are expecting a bounce back to the huge gap left behind on the end of August ($343-$355). Let's see how Tecent can recover strongly from the abyss...