BEM's initial drop due to traffic dropping 20% as a result of COVID. As a business, it is highly sustainable (rights to collect highway tolls and metro fees after build), with a big opportunity to grow as the country develops. Long.
CKP looks to break out of bearish trendline with strong support if it breaks out above 4.74.
Moving between triangle pattern either side SET:PTT
AWC have a Really bad time at its fundamental (hotels and tourism) and on its way in Mark down phase. The idea is to wait for the breakdown for shorting at 3.70 with the small stoploss at 3.82 its first target price is at its old bottom of the cup around 3.20
ACE is long way for the uptrend and now ready to goes down. The stock came to its New Year Resistance and have a very hard time to pass through this wall. With the Bearish Divergence, Multiple fault Big Volume breakouts and the Weak Momentum in Week graph, the stock could goes down for awhile. The idea is to just short arond here and stoploss at 3.82 /OR/ ...
SET is still in a very hard sideway and ready for the explosive Up or Down trend. The idea is to waiting for the breakout of either way and if the retrace isn't getting back to the old sideway range. That's the real good time for the Huge $$$ :)
EGCO looks to break out from the bearish trend line at 270.
Sideway trend stil end of month. However, next month is likely to be an uptrend, but not more than 1450.
Bank sector is looking interesting. Is about to retest the double bottom pattern. And I see 412-420 area as a possible target.
i think "SET" above fibo50% than back down below that "bull trap"
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.
Set runs to 50% fibo resistance, if passed, will hit an important resistance at 1514, which will not pass follow dow theory
Thailand Set Index Short Entry 14:04:31 (UTC) Wed May 13, 2020
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.
The graph lays the projection for the next support zone.
Overvalued stock due to Thai tourism being destroyed with Corona Virus and silly priced valuations. But worth a buy when the corona virus situation is at it's worst/making a turn around.