Tencent Holding (TCEHY) needs to break above $73.13 to resume up

TCEHY has been on a medium term downtrend since 030521 since the short signal issued at $78.60. The long term charts is still long from 010620 at $56.70. A break above the weekly supertrend resistance at $73.13 may resume the uptrend supported by a long signal on the day charts at $62.70 on 071021


Long Term UPTREND since 010620

Medium Term DOWNTREND since 030521

Short Term BASEFORMING since 071021


PIVOT 73.13

Short positions below 73.13 for 59.60 and 41.26

Long positions above 73.13 for 99.40 and new ATH