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Crossed Above 20 Day Moving Average appears for TME after 2.32% move

Tencent Music Entertainment Group (TME) — Nightly Technical Analysis · Jul 8, 2026, 17:50 ET
TME finished higher by 2.32% on Wednesday, July 8th, trading 0.6 times its typical volume. Mixed technical signals appeared with Crossed Above 20 DMA suggesting upside potential, while 50 DMA Resistance indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 8.7, 8.57 & 8.44, with resistance at 8.96, 9.09 & 9.22.

Current SwingTradeBot Technical Rating of TME: F

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Tencent Music Entertainment Group Sponsored ADR (TME)