Tencent Music Entertainment may fall to 12.10 - 12.60

15.1 is our pivot point.

Our preference

The downside prevails as long as 15.1 is resistance.

Alternative scenario

Above 15.1, look for 15.9 and 16.4.

Comment

The RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the share stands below its 20 and 50 day moving average (respectively at 14.668 and 14.5412).

Supports and resistances

16.4 **

15.9 *

15.1 **

14.8

14.18 (USD-last)

13.1

12.6 **

12.1 *

11.7 **

Number of asterisks represents the strength of support and resistance levels.