Tuesday, 12 December 2017

Tencent - Huge Profit Taking

There is a huge profit taking in Tencent. The stock had been soaring so much lately and I believe it might have just hit a peak. The stock now is currently rebounding in a form of distribution and soon it will attract another wave of sellers again because those who long at the high is looking to cut loss. I am not sure if Tencent will reach another high but I believe it will form a new high above the last high of 439.60 before a big sell down would occur.

Ronald K - A Game Changer