- Cycle: non-standard correction abcxabc - currently at Cycle Wave c of the last correction. - Primary: Expect a minor retracement of wave 4 - areas of support = 19.2, 18.1
- We are currently in Intermediate Wave (D) of a triangle. Expect a very aggressive thrust after this correction has ended.
- Spotted a Flag Pattern. - To be very honest, there is no obvious Elliot Wave analysis here; Some may argue that a triangle correction is valid here but the subwaves count are not accurate.
- The future do not seem very bright here. If this analysis turns out to be right, we are looking at a new low beyond 0.20. However, if price reverse up and make new high pass 3.57, this would mean the end of a cycle wave down.
- Very likely that we are going to see another move downward (cycle wave b). However; wave b is still incomplete.
Non-Standard Correciton. - There is an opportunity to enter at the end of Primary Wave . According to Elliot Wave Theory, after a non-standard correction, price should retrace to at least 61.8% of the last correction (@62.25).
Great set-up from BGC. Big Volume breakout at 10.30. Trendlines looking good, look to buy. Target Price at about 12.80-13.00 Exponential Moving Averages upward cross. Fundamentals looking solid.
BIG Camera seems to have been through it's worst. Online sales seems to be doing much better, although site traffic is still in a downtrend. Now awaiting reopening of tourism which has a lot of pent up demand, while the camera boom 5 years ago seems to have completed its product shelf-life. Granted smartphone sales has taken a lot of the digital camera market, but...
Looking at the weekly charts... 1. All, except ID, are increasing in Wave 3, with differing levels of acceleration. 2. ID may be having an uptick... 3. SG's momentum is still strong for another two weeks at least. 4. Both My and TH have strong momentum to further increase. MY's situation is bad enough with TH's situation being worse. Overall, the three...
TKT was firstly shown as uptrend in early 2021 which approx 6months accumulation breakout and now 40% higher. However, the big white with 1-year volume float is a significant sign of strong uptrend.
Accumulation phase starts in April2020 to Nov2020, a big gap up with 1-year volume float confirms the beginning of uptrend in Nov2020 and later breakout. 1st buy at 24.00 in Nov 2020 ***which actually published the idea on 02Dec2020 on previous post. 2nd buy at 31.00 in Feb 2021 (failed to match position in 2nd accumulation phase)
One year forms a triangle and have breakout which enter position at 35.50, and stoploss at 33.50.
Price was accumulated for 8 months between 16 to 24 THB, then did a huge gap up, and resistance breakout at 24 THB with relatively high volume shown conviction and interest in Nov2020 which provides a significant upside signal. Price threw back to 24 THB as support line in Feb2021 and likely to continue moving in the breakout direction (now 32.50 THB). However,...
SCI has been in a downtrend for the past many years. It hit 2 year highs today closing at THB2.00, very good sign following expected turnaround with new projects (21 MW community electricity plants). Price to Book Value is at 1.00, no target price yet (will update with Q1 results). Good indication for long term as EMA 50 and EMA 200 cross.
BTS has been trending down for awhile now - It broke through a strong support at 8.80 and has opened itself up for further downside risk. I would like to see it hold above 8.80 and eventually close higher than the yellow line above 9.60. If it holds above the yellow line and breaks through resistance at 10.20 Baht it should give us confirmation that the stock...
Long if it can stand on support 2.72-2.76. Market overreaction to a spike of 200 cases in Thailand (which should be easily contained). Technicals and financial statements look good. Target between 3.40-3.72
As the global economy is expected to recover from COVID-19 pandemic, Thai stock market has also started to gain its strength. In this post, I am sharing my wave analysis and Elliot count on SET, Stock Exchange of Thailand, starting with monthly chart to grasp the big picture of the market. Monthly chart The following chart illustrates major financial crisis...