Tencent Holdings Ltd. (TCEHY) is trading around $77 and approaching a critical resistance zone at $81. A clean breakout above $81 would open the path for price to challenge its previous all-time highs, signaling strong continuation within its bullish structure.
However, $81 also aligns with a key historical resistance from November 2020, making it a level to watch for potential rejection. If price fails to break through, a retracement toward the $71 support zone could unfold, providing a healthy reset within the broader uptrend.
Should the $71 area hold as support and buying momentum resume, Tencent could mount a rally toward the $100 mark, reinforcing its longer-term bullish channel.
Key levels to watch:
Resistance: $81 (critical breakout level)
Support: $71 (retracement target)
Upside target: $100 if bullish momentum continues
However, $81 also aligns with a key historical resistance from November 2020, making it a level to watch for potential rejection. If price fails to break through, a retracement toward the $71 support zone could unfold, providing a healthy reset within the broader uptrend.
Should the $71 area hold as support and buying momentum resume, Tencent could mount a rally toward the $100 mark, reinforcing its longer-term bullish channel.
Key levels to watch:
Resistance: $81 (critical breakout level)
Support: $71 (retracement target)
Upside target: $100 if bullish momentum continues
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.