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TME forms Pocket Pivot on June 18

Tencent Music Entertainment Group (TME) — Nightly Technical Analysis · Jun 18, 2026, 19:58 ET
On Thursday, June 18th, TME moved up 0.46% while volume increased to 1.8× the usual levels. Multiple bullish signals emerged — Stochastic Reached Oversold, Lower Bollinger Band Walk & Pocket Pivot — suggesting potential strength ahead. Key support levels exist at 8.59, 8.44 & 8.34, with resistance at 8.84, 8.94 & 9.09. Slow Stochastic readings suggest the stock is currently oversold.

Current SwingTradeBot Technical Rating of TME: F

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Tencent Music Entertainment Group Sponsored ADR (TME)