These rising wedges have a tendency to eventually break down when the buyers becomes exhausted. A possible level for a breakdown would be 340, but it's still early days. Wait.
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Tencent has reached a point of resistance on this rising wedge. It could start consolidating a little lower for either another leg up, or a break to the downside on this formation.
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Tencent has reached a point of resistance on this rising wedge. It could start consolidating a little lower for either another leg up, or a break to the downside on this formation.