Tencent Eyes New Heights: Key Support Levels & 2025 Outlook
Tencent Holdings Limited (Tencent) is currently trading between $62–$64 within an ascending channel, maintaining stability after a rejection at the $73 resistance level. The recent retracement into a short-term descending pullback channel suggests a potential continuation into June–July, with the next key demand zone identified between $55–$60. This zone has historically acted as strong long-term support, attracting significant buying interest, making it a high-probability long opportunity.
- Buy Zone: $55–$59 – Established multi-year structural support.
- Mid-Term Resistance: $73 – Recently tested but currently showing weakness.
- Breakout Target: $80–$81 – Previous resistance level from 2020.
- Major Upside Level: $99 – All-time high achieved in 2025.
From a technical standpoint, holding the $55–$60 support zone could lead to a move towards $80–$81 by September. A confirmed breakout above this range would position Tencent to target $99, potentially paving the way for new all-time highs by late 2025. 🚀
Fundamental Analysis: Tencent is strategically positioned within China’s expanding tech ecosystem, with diversified operations across gaming, artificial intelligence, and quantum technologies—key sectors driving the country's long-term innovation and growth.
Risks & Assumptions: Potential risks include broader market retracements, increased regulatory scrutiny in China, geopolitical tensions, economic slowdowns, and shifts in consumer behavior that could impact Tencent’s growth trajectory.
📊 Scenario Analysis: If Tencent maintains support and breaks above $80, it could target $99 by late 2025. Conversely, failing to hold $55 might lead to a decline towards $50, testing multi-year support levels.
