The Moving Average Convergence Divergence (MACD) indicator has a unique feature called “crossover signal” that will enable traders to spot a change in the direction of any stock. After declining by 13% from its high of HKD155.80 seen on 10th August 2010, Tencent Holdings had a MACD bullish crossover signal detected on 7th September 2010. Thereafter, Tencent Holdings had a magnificent rally of 28% to record a high of HKD193.00 seen on 14th October 2010. The current uptrend is still intact for Tencent Holdings as it continues to trade above the 20 and 50-day moving averages. Interestingly, a similar bullish crossover signal is being detected in the MACD trend indicator on 6th December 2010. Given such positive configurations, Tencent Holdings may see an upside push to test the resistance zone of HKD188.00-HKD193.00 next. On the other hand, a violation below the immediate support at HKD170.20 may negate the bullish tone to see a correction towards the next support at HKD164.30.