TENCENT; respecting Upchannel & Fib levels
Despite the recent crash in Chinese stocks, TENCENT & JD seems to be the leaders in recovery. The reason may be due to their more diversified business segments. Alibaba & Baidu are the laggards.
The chart shows that the channel & Fib levels are being rejected.
Most likely wave 4 has already bottomed & wave 5 of III has started.
Wait for price to break the diagonal pivot line.
Not trading advice
The chart shows that the channel & Fib levels are being rejected.
Most likely wave 4 has already bottomed & wave 5 of III has started.
Wait for price to break the diagonal pivot line.
Not trading advice
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