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...
We are currently in a bearish wedge, which normally is followed by a run down south. Although, the times it occurs in the opposite direction it is often a very strong and powerful run up north. I am bearish, due to the fact of the wedge and the falling resistance, from July 2019. And also that we have consolidated for about a month, by the "covid-panic-island"...
The graph lays the projection for the next support zone.
S501! trading inside 4 years area this may confirmed a downtrend move until we met a strong long-term buyer(expected around 970ish).
I still thinking about Set Index. 5 Years back we found set index got the support on this point 1580-1600 many times. Hope this support strong enough to get Set index going up again. But due to Trade War between US and China, make set index difficult to going up.
I still think it sideway but may be Dec 2019 it will going to test resistant again 1119-1120 base on MSCI and Set index open too much gap trend. Actually it should be same trend. Set50 index should drive set index as soon.
...T1 and/or T2 were the next station to reached
April 4, 2019 SET50 of Thailand, still downtrended beneath the RED downtrend line. Once she retraced to 50% fibonacci retrecement (1073), then rebounded. The major stochastic reached OVERBOUGHT and the bearish divergent was found on the minor stochastic (the light blue arrows), watch out for going down to 61.8%(1063) and 78.6%(1049) fibonacci...
If can not stand on 1,099.24, T1(1,082+-) and T2(1,071+-) is possible.