Breakdown of the rectangle chart pattern in BDMS Bangkok Dusit Medical Services Public Co. Ltd. is dedicated to the health care business. The company operates through two segments: Hospital Operations and Other Businesses. The value is listed on the Stock Exchange of Thailand. The BDMS price developed a rectangle chart pattern of possible distribution zone, of...
Using the basically technical analysis (Support and Resistance) and fundamental. I expected the price of PTT will go up in the short term depend on the oil price. Based on the oil price, now the price of it also touched the resistance at 42.20 US per Barrel in D time frame then the price go up to approximately 48.20 because of OPEC. Now we should looking closely...
the buy candle stick occurred at support line 22. Consider as buy signal the stock performing bullish flag the target price 26/28 which is 15% from this point is might irresistible trade.
Price pulled back and did the high retest. then I aim to open short position.
THANI : Similar pattern after channel breakout It's likely to gap up and reaching 30% to TP 11.40, though this mark up seems weaker than previous mark up due to the mid channel breakout. Hopefully the same pattern happens.
Trend was likely to be reversal when it shows two higher bottom and 19.0 breakout with peak volume and a gap up afterwards. This is kind of the uptrend confirmation. The target are predicted from the cluster of Fibonacci extension and projection which accidentally equal the peak volume price level in the past months.
Assume selling climax in July 2018 and accumulated for 26 bars. Then it did breakaway gap and marked up(01) for 30% approx. Again, it accumulated for shorter period for 16 bars and later did the breakaway gap which assuming this is in the mark up phase(02). Hopefully, it will reach 30% as a minimum next TP that should not be less that mark up phase(01)....
H&S Pattern breakout with gap is a high demand drive. I found this stock too late so just wait and see the target price with Fibonacci projection. Just wondering the Fibonacci extension is not significant to this price chart.
PTT : Long position after H&S breakout at 53.00 If you either believe the H&S pattern or the resistance breakout with significant volume, you will definitely buy long position for PTT. I buy long position at 53.25 and feel aware of the black swan event in case it happens.
Bias Long to the previous high ta 54.00
High retest at 9.20 with 30MM and 28MM volume which already has a little pullback. For weekly chart, long green candle and tiny red candle shows obviously.
The SET index went up above 1750 to ~1760 but then closed below 1750 on the same day. This 1750 is significant as it is the current 61.8% fibonacci retracement on the downtrend pattern. Daily chart now showing a doji price action and assuming the current rebound from 1600 is a B wave, I am expecting a sell-off for today (the 20th Sep).
When SET choose their way to BREAK UP! We will seek up for NEXT RESISTANT ZONE. The next resistance maybe T1-1,750 or T2-1,794 via fibonacci clustering.
sell from this and buy limit in two zone or wait confirmation for buy agian
If can not stand on 1,099.24, T1(1,082+-) and T2(1,071+-) is possible.
According to Fibonacci Retracement , the current price is close to 23.6% fibo level which can be seen as a strong support. And the targets are as the next fibo levels. And according to the Volume Profile , we can see that it goes along with the Fibo Retracement analysis above. The bottom level of value area is close to the fibo level of 23.6%. And one more...
According to Fibonacci Retracement, the current price is close to 23.6% fibo level which can be seen as a strong support. And the targets are as the next fibo levels. And according to the Volume Profile, we can see that it goes along with the Fibo Retracement analysis above. The bottom level of value area is close to the fibo level of 23.6%. And one more thing,...
Regarding Volume Profile, you will see that the current price is at the POC and close to the support and far from the resistance which generates nice risk reward ratio. In the next few weeks or month, this SET:BPP stock might rise to the resistance.