TENCENT - Looking to build a long-term position on this one
I would be looking to load up at these support levels if this enters into a modest correction before another leg up.
Currently perched on support, has a history of 20% down moves to cool off before legs up in price.
If a bigger bear move occurred I'd probably hold my position long-term and then look to range in further at a bottom. IMO a 5-year hold that would be pretty profitable.
Currently perched on support, has a history of 20% down moves to cool off before legs up in price.
If a bigger bear move occurred I'd probably hold my position long-term and then look to range in further at a bottom. IMO a 5-year hold that would be pretty profitable.
Note
Would have been a hell of a good trade this, behaved exactly as expected.
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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.