Tencent Consolidating Below All Time Highs

 | Mar 15, 2015 07:15AM ET

Tencent Holdings PK (OTC:TCEHY) shares consolidating just below all-time highs. The technical picture is very bullish. There is good support at $16.50. In case $17.50 is broken, $18.50 will be the first upside target.

TCEHY daily chart (18 months):