$腾讯控股(00700)$Where Tencent stands at?
A look at the weekly chart, compare previous occasion whereby stock was heavily sell down
1. RSI at value below 40, similar situation back in Oct-2018 as shown
2. ADX slightly below 30 but keep rising, similar situation back in Oct-2018 as shown
Back in 2018, ADX continues to rise above 40, led to another leg of -17% selloff from previous low within weeks. Given the similar situation, further downside could be on the way, bringing stock price down from previous low of $422 to an estimation around $350 in upcoming weeks.
🤞Fingers crossed🤞, I hope I'm wrong[惊吓]
精彩评论