Tencent swing tradeMy thoughts on this are pretty simple. It's a strong, growing company that's pulled back with the market, and will rebound as it always has.
Tencent
A correction is comingDivergence indicate that a correction is coming. I will be looking at a good place to pick it up.
$PLFX is a truck of tinder waiting to catch on fire!The .45 closing for PLFX caused the stock to tap resistance for a 4th time while prepping for a golden cross right when there was a squeeze. Support held at .31 since June 29th. MACD has a large upward alligator mouth, RSI is slightly overbought, STO overbought and CCI has shown a steady upward movement since June 29th. Hopefully news releases and the CCI can stay above the 0 line when the market opens again. PSAR should be flipped next opening day as well. Last note... the stock has only been lower one time back in 2015 so the support is exponential.
TENCENT has a date with 22I have a feeling Tencent will break this 4+ year trendline and retest the 22 area. Not a strong feeling.
