dukeposh

PTTEP | Q321E +40% Sell On Fact | Buy signal@RSI rebound

Long
dukeposh Updated   
SET:PTTEP   PTT EXPLORATION & PRODUCTION PUBLIC
PTTEP | Thailand SET Index | Price Action Analysis

This is my 3rd Buy position and decided not to take profit as the oil price continue to claim.

> Chart Pattern: Double Top and declining to test the Supertrend support.
> Banker Chip Volume support at EMA50 @ 117.0
> Buy position when RSI rebound, TP1: 127.0 TP2: 140 Timing mid-term trading about 1-2 month SL: slightly below EMA50

Always respect your stop-losses!

Best of luck

Comment:
Estimated Target downtrend reversal at 110.0 (EMA400)
> Bottom signal beginning
> CCI ribbon changed to
> MACD crossing down 0
> RSI coming into oversold area
Wait for RSI rebound breakout from oversold area for buy signal

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