SHORT : 11.7 STOP : 12.5 TARGET 1 : 10.9 Reason : Divergence (1H) *** I just make this chart just for my study, if you follow, take your own risk ***
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).
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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.