AS | Thailand SET | Media Sector | On-line Gaming A Breakout Inverse / Reverse H&S Testing Support Neckline - possible go up with new TP 22.5 setup if support failed might drop to EMA100 or EMA200 to complete Elliot Wave correction phase A-B-C position. > Aggressive Stop Loss 14.0 @EMA50 > Conservative SL 15.0 @Banker Chip / Smart Money Support
CHG | BUY SIGNAL DOUBLED BOTTOM AT EMA100: 3.66 - Target Price 1 = 4.00 (+10%), Target Price 2 = 4.30 (+18%) Stop Loss = 3.50 (-6%) > Fibo Ext. estimates target Elliot Wave projection 1,2, and 3 @TP 4.3 (+18%) > Q321E +321% yoy, +106% qoq from COVID case x3 during 3rd lockdown > Pattaya health mgt. fee > Newly launch Heart Center - Samutphrakarn, Rayong > Upcoming...
BANPU recent crossover EMA10 due to sudden decline of coal price and China restarting domestic coal production. China" orders "coal mines" to increase production capacity to almost 100 million tons to solve the energy crisis. China orders more than 70 coal mines > Target Price 1 @ 15.7 based on Elliott wave extension projection. > Stop Loss EMA50 @ 12.3 > Possible...
TU dropped below EMA50 after previous Head & Shoulders pattern making its way to reset current uptrend wave. If dropped below 20.5 and possibly going into corrective wave C position at EMA200. Stop Loss 20.5
- CYCLE ABC pattern where the CYCLE WAVE B seems to be a strong b + c-failure pattern. This shows us that we can expect an aggressive thrust of the CYCLE WAVE C pattern with strong resistant at the given level on the chart. - INTERMEDIATE WAVE (B) of CYCLE WAVE B seems to be a non-standard correction with a hidden wave (X).
THAILAND SET: PETROCHEMICAL SECTOR | PTTGC CURRENT PRICE: 64.50 BREAK OUT VOLUME POINT OF CONTROL: 63.00 and previous high Reasonably good buy position for speculative TARGET PRICE 1 @ 67.50 (5.4%) at mini Wave 5 position. Stop Loss: 63.00 (current POC) >Strong Foreign fund flow (NVDR) - hit the highest daily chart at +450 mil baht / day >Strong Banker fund...
- On the weekly chart, you can see that there is a CYCLE zigzag truncate pattern. According to Glen Neely, this pattern has a minimum target of an 81% retracement @45.5. - On the daily chart, there are two likely scenario that could occur: 1. Primary wave has already completed and we are approaching Primary wave . 2. Primary wave might not be completed: we...
Speculative BUY: TVO - Thai Vegetable Oil - Q2/21 Est. +113% QOQ, +92%YOY > Weak Thai Baht - better export sales exchange rate > Future Soy Bean rebounded as a positive factor for animal food supply profit contribution. > Expect dividend 1.50 baht/share mid year (almost 5%, total year payout 8%) Risk: > SET declining due to COVID lockdown 3.0 w/ +25K cases /day
- The first minute pattern was a zz truncate (July 7 - Aug 16). Hence, we have a TP for the second leg of 81% of the first zz truncate pattern (@2.56). - Note: Minute wave of the first zz truncate seems to be a non-standard correction with the last ABC also being a zz truncate. However; price did not retract back to 61.8%/81% of this wave. Since history tends...
- Downtrend pattern: non-standard correction (ABCXABC), which according to Elliot Wave Theory should retrace back to at least 61.8% of the last ABC. (@0.47) - Wait to enter after a nice retracement.
Just plotting lines, keeping track of ranges. Possible support and resistance areas. finding ideal entry points for the long run.
Kerry Express has increased its deliveries by over 15 million packages (nearly 11%) over the same half year period as last year's, as well as reducing the costs (although the price per package fell too, resulting in reduction of gross profit - perhaps from falling consumer purchasing power in Q2). Future expansions include Kerry Cool Express (cold chain delivery)...
- Still ongoing downtrend in minor wave c. - Confirmation of the end of wave c when the 0-B trendline is broken.
Non-standard Correction - ABCXABC in the downtrend - There is a high probability that price will go down further to complete another ABC following the Intermediate Wave (X).
Non-standard correction (ABCXABC) - We are in a non-standard correction in which the second ABC is anticipated.
ZZ Truncate Pattern - Minimum Target is at 2.20 - 81% of the whole zigzag truncate pattern.
- We are in a very nice uptrend of the Supercycle Wave (c). However; I do expect a period of consolidation before continuing up in our trending direction. Minimum TP is at 6.14.
Non-standard Correction (ABCXABC) - As shown in the chart we are approaching the second correction of a non-standard correction.