RSI Negative Reversal again in Tencent's chart

Another RSI Negative Reversal again in Tencent's chart.

İşlem kapandı: hedefe ulaştı:

Currently Tencent is hanging below 359, a major trend line in the chart. We still have more questions than answers ahead.
Will the price surpass 375-380 range? If it does, what does the RSI chart look like (another RSI negative reversal or not) ?
If 359 is to become the short term resistance, will 348 be the support? If 348 isn't enough, 333? 323?

Yorum:

The price climbs up to 365 and is falling again. Another RSI Negative Reversal may come if the bear becomes stronger with 348 mark touched.

İşlem kapandı: hedefe ulaştı:

Another RSI reversal formed. We could expect a lower low than last time.

Yorum:

After touched down to 309, price went back up a bit. Not sure if that will lead to closure of current RSI Negative Reversal which started by Aug 10 and pattern formed by Aug 28.

Yorum:

What's sure is that a short term pull-back can be expected. We can see that since histogram on Derivative Oscillator reached its peak.

İşlem aktif:

A short-term pull back pattern is formed on Derivative Oscillator and Tencent is back to 323, first resistance benchmark. Next one will be 333.