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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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.