Buffett's junior apprentice$TENCENT(00700.HK)At 9:00 on September 19, the Hong Kong Monetary Authority followed the Federal Reserve's move to cut interest rates by 50BP, reducing rates by 50BP.
The Hong Kong Monetary Authority's 50BP rate cut is bullish for the stock market, 😂Hong Kong stocks bid farewell to the long slump and rose 1.81% in response.
At 9:30 on September 19, Tencent Holdings opened lower at 379.6 but rebounded to close at 387.6 by noon. Tencent Holdings is expected to challenge the resistance level of 392HK this week. 😂If it breaks through 392HK on positive news, it may challenge the year-high of 400HK in September. 😂Breaking 392HK is possible, but reaching the year-high of 400HK seems a bit exaggerated. Stay cautious and wait for Tencent Holdings' afternoon opening on September 19 to stabilize above 387. If it falls, the support level is 376. If it rebounds after breaking 376, it indicates strong buying interest at this level. Otherwise, further declines may be expected!
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