Expecting Further Upside
Expecting further upside after Tencent leaves Re-accumulation Phase (Trading Range) possibility entering in Mark Up Phase.
Over the Re-accumulation range, stock showed the transition from supply dominated action to weakening of supply to demand dominated action.
Stock is trading relatively stronger than the broad market (RS above zero), indicating strength in demand for the stock.
Price trading below $550 level will falsify the Mark Up Phase analysis and stock will reenter trading range.
Over the Re-accumulation range, stock showed the transition from supply dominated action to weakening of supply to demand dominated action.
Stock is trading relatively stronger than the broad market (RS above zero), indicating strength in demand for the stock.
Price trading below $550 level will falsify the Mark Up Phase analysis and stock will reenter trading range.
Trade closed: target reached
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.