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Is TME building bullish momentum? 20 Day Moving Average Support shows up after sinking 0.23%

Tencent Music Entertainment Group (TME) — SwingTradeBot Technical Analysis Report · Jul 24, 2026, 02:12 ET
TME closed down 0.23% on Thursday, July 23rd, with volume running 0.5× below average. consolidation patterns formed: NR7, suggesting a potential continuation after price stabilization. Key support levels exist at 8.66, 8.56 & 8.48, with resistance at 8.84, 8.92 & 9.02.

Current SwingTradeBot Technical Rating of TME: D

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