Jun. 1 at 4:59 PM
💿
$TME at
$9.44 on 1.2x average volume today 🚨 Tencent Music Entertainment Group.
$8.78 to
$10.33 in recent weeks. Textbook accumulation phase near the lows.
Price action is building a strong base above the recent 52-week lows and is coiled for a breakout. Close above
$9.60 confirms the base and the next leg loads.
🐂
$9.60 close confirmed and
$10.03 then
$10.33 then
$11.00 next. Buyers are steadily accumulating in this zone.
🐻
$9.14 rejects and
$8.78 fill in. If the bottom falls out, more base building is needed.
⚠️ Textbook accumulation zone. High volume shelf building. Exact trigger level. Close is everything.
📊 Lean: BULL — This chart is screaming that the selling is completely exhausted and the bulls are ready to wake it up.