BBTrader29

TME Bollinger Rejection

Short
NYSE:TME   Tencent Music Entertainment Group
TME has been consolidating in a range and has now reached the top of that range and got rejected by the upper bollinger band. The bollinger bands are contracting showing more range bound trading from top to bottom of the consolidation range. There soon will be a breakout from this range but i don't think thats coming quite yet. Looking for this to go to the bottom of the range.
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