Sideway trend stil end of month. However, next month is likely to be an uptrend, but not more than 1450.
I am guessing that most traders believe that today will be a red day, after BoT decision over Thai banks, and who knows if other sectors will follow because have many been able to make any profits, for interim dividends and buybacks? In the graph there I don't see anything saying, up or down, but I see that a big move is too come quite soon. The day is still...
Bank sector is looking interesting. Is about to retest the double bottom pattern. And I see 412-420 area as a possible target.
SET is building up power to, either go bullish or collect more strength further down south. In a purely technical sense I am neutral, until it has closed in either direction of the last 5 days triangle pattern. Although the market has shown that the underlying sentiment is bullish. So my primary target is therefore, to go in the northern direction, to at first...
FTSE SET Large Cap might not be so well known, but is a index of the top 30 companies on the SET that is consistently recalculated, as to that they are ranked by full market capitalization. As of when I started to do this rapport, only 4 was over ema200 (day). SET:CPF SET:GPSC SET:GULF SET:HMPRO SET, SET100 and SET50 are all also under ema200. What does this...
i think "SET" above fibo50% than back down below that "bull trap"
Sometimes, when your life is too routine and the things you are exposed to are more or less the same, you become complacent. Go to work, come home, cook dinner, play games, sleep. Repeat and rinse. In trading/investment, it can be the same as well. If you stick to your own local markets, the companies that are very familiar with (strong brand name, you are the...
After SET broke out north of the bearish wedge, I have revalued my earlier future strategy and predicted where SET will top this “going-to-the-stars” run, it will be around 1730 – 1800. Would also predict this will occur in or around November, December +/- 1 month. So if my predictions are correct then follow the trend and continue to be on the buyer's side, at...
Financial sector is leading the market at the moment but petrolium within industrials is also showing signs of strength. $BCT stock is in a buy zone: 1) Relative strength curving up on daily and weekly - potential outperformance 2) RSI in buy zone 3) Massive falling wedge approaching its apex, watching breakout today 4) Volume signature shows the presence of...
SET index has finished a corrective 3-wave intermediate pattern that retraced around 50% and reached the fourth wave level of two lower degrees, which is a typical end of corrections. It is now finishing to trace intermediate wave 1 or A. We may see a smaller correction that should end at 1,200 - 1,250 range before the uptrend continues. FOLLOW SKYLINEPRO TO GET UPDATES.
Waiting for retest off untested gained support. Stop at 10117 take profit at 10205/10220 Trade Save!
Set runs to 50% fibo resistance, if passed, will hit an important resistance at 1514, which will not pass follow dow theory
SET might slowly/silently recover from the lowest point of wave A before go back to find the bottom in the next couple of years.
BAM is going down to new low. This will be confirmed by red line crossing down. correction Truncated ZigZag in TF 1 hr.
Set index in my perspective, During last e-wave of Triangle in Non Standard Correction (Large X wave) FLAT + ZIGZAG + TRIANGLE Pls share your Comment. ^_^
This shape usually have a higher chance to break lower than to break higher. But its the good indicator to see wether it will confirm the breakout or it will go down to retest first. I’m ok with both. I already have tons of stocks which I bought at the very low price, and I still have cash to buy the discounted good companies.
The graph lays the projection for the next support zone.