Tencent is expected to report earnings of $0.43 on revenue of $20.86bn tomorrow. It's current share price sits at $344.40.

From a technical overview, Tencent’s share price is trading around $344.40 a share. We can see the retracement that began on the 26^th of January as the RSI suggested the stock was overbought, profit taking also took place. The price of the stock now seems like It’s trying to consolidate itself and create a base, yesterday’s candle stick was overpowering and this could be a potential signal for some upside movement. Resistance sits at $349.66 (moving average of the Bollinger bands), followed by further resistance at $371.63 (upper Bollinger band). A break above $371.63 may see the price continue higher towards $390-$400. Although, this is more likely in the mid-term. Current support sits at $327.69 (lower Bollinger band), a break below could see the price slide towards $320-$310. This in turn would indicate that a reversal trend might be forming. Over to the technical indicators, the volume of the MACD seems to be fading and turning neutral and RSI is neutral as it reads 45