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TME Fell Below 20 Day Moving Average on June 16

Tencent Music Entertainment Group (TME) Technical Analysis, Stock Scans & Trading Signals · Jun 16, 2026, 17:34 ET
On Tuesday, June 16th, TME moved down 3.47% while volume was to 1.2× the usual levels. consolidation patterns formed: Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 8.82, 8.73 & 8.55, with resistance at 9.09, 9.27 & 9.36.

Current SwingTradeBot Technical Rating of TME: F

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