TCEHY SELL/SHORT to 53.85 (BUY ENTRY)

TICKER CODE: TCEHY
Company Name: TENCENT HOLDINGS LIMITED
Industry: US Stocks OTC

Position Proposed: BUY

Entry: NOT READY (52.70-53.85)

1st Partial Take Profit: 112.30 (April-May 2024)
2nd Partial Take Profit: 148.55 (October-November 2024)


Stop Loss: 44.90

Technical Analysis
1. Head & Shoulders (Potentially forming Head)
2. Double Bottom (Potentially forming; via Mirror)
3. Fibonacci Retracement at structure level
4. Safe Take Profit at Fibonacci Extension level 1.0 (Grey Zone)