From 2003 to 2018, each cycle from peak to peak for FINANCE index lasts between 36-46 months. Recent high in early May 2022 is equivalent to 49 months.
Other indicators:
- Negative divergence on monthly chart (CCI)
- Similar negative divergence also appear on the monthly chart for big caps like PBBANK, MAYBANK, HLBANK, CIMB.
HLBANK
Theme: Finance
Rst: 19.36
Spp: 18.60
Forging higher high wave, with BB continues to widening northward, plus indicators remain healthy, achieving BO above 19.36 is possible.
HLBANK
Theme: Finance
Rst: 19.36
Spp: 18.00
Healthy consolidation above MA50, supported by widening BB and bullish RSI, MACD, shall gradually move to challenge the critical resistance at 19.36 again in near term.
