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Tencentanalysis

Tencent: Significant Decline!Tencent's stock took a significant hit, creating a noticeable gap in the chart. Nevertheless, for now, our primary assumption remains that the price is currently working on the turquoise wave 3 and will soon move toward the resistance at HK$715. Afterward, a corrective movement should follow during wave 4. However, if the stock falls below the support at HK$364.80, downward pressure will mount significantly and make it increasingly likely that the price will drop to new lows below the nearest marks at HK$261 and HK$188.60 to develop a new low of the large wave alt. in green (probability: 36%).
HKEX:700
by MarketIntel
Tencent Holdings (TCEHY) – Technical & Fundamental OutlookTencent Holdings Limited (TCEHY) is currently trading between $62–$64, maintaining structure within a well-defined ascending channel. After testing the $73 resistance level—a key price from 2020—the stock faced rejection, triggering a retracement phase and a shift into a daily consolidation range. This range now appears to be forming a short-term descending pullback channel, potentially continuing into June–July. Based on historical price action, the next key demand zone sits between $55–$60, a level that served as multi-year support and resistance from 2018 to 2024. A revisit of this zone would likely draw strong buying interest, making it a high-probability long opportunity. Technical Levels to Watch: Buy Zone: $55–$59 (long-term structural support) Mid-Term Resistance: $73 (tested and rejected, but weak) Breakout Target: $80–$81 (resistance from 2020) Major Upside Level: $99 (2021 all-time high) From a macro perspective, Tencent is strongly positioned in China’s growing tech ecosystem, with diversified operations across gaming, artificial intelligence, and quantum technologies. These sectors remain critical to the country's long-term innovation strategy. If Tencent successfully holds the $55–$60 support zone and regains momentum, a move toward $80–$81 by September becomes plausible. A confirmed breakout above that range would put $99 back on the map, opening the door for new all-time highs into late 2025. Conclusion: Current market structure suggests we may be entering a healthy retracement phase within a larger bullish trend. The $55–$59 zone offers a favorable risk-reward area for long-term positions, with strong upside potential as Tencent continues to align with China’s tech-driven growth narrative.
OTC:TCEHYShort
by QuantumFusionWave
2
Tencent Holdings (TCEHY) Poised for a Breakout Toward New HighsTencent Holdings Limited (TCEHY) is currently trading within a well-defined ascending channel, with price action averaging $68–$69. The key resistance level at $73—a price last seen in 2020—appears weak and could be easily broken, given the company’s strong positioning in China’s expanding economy. With Tencent’s involvement in gaming, artificial intelligence, and quantum technologies, its growth prospects remain robust. If the $73 resistance is cleared, the next major target is $81. A decisive move beyond this level would set the stage for a potential retest of its 2021 high of $99, with the possibility of surpassing it as Tencent continues to capitalize on new technological advancements. Given these factors, Tencent could be on track to reach new all-time highs by the end of 2025, making it a key stock to watch in the evolving global tech landscape.
OTC:TCEHYLong
by QuantumFusionWave
4