The dead-cat bounce of Tencent

Tencent holdings Ltd just slumped nearly 3.4% now. The biggest tech company in China seems to be getting crushed. So many Hong Kong and mainland individual investors still believe that Tencent will get a rebound, however, they are feeling frustrated that Tencent loses the support at 350 today.

Since early this year (March), the major investors of Tencent kept selling off the their stakes. Tencent has already give up its rising dynamics of stock.

Tencent cannot get rebound, but dead-cat bounces.

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