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,...
THMUI never manipulate the price since IPO and now in weekly chart, it's look like having a mathold pattern. This is a good signal to bet in long direction with the starting point of uptrend.
Confluence of things occurred to hint us for the onset of recent (August 2018) rally of SET:BEAUTY. In its daily graph, BEAUTY was obviously in a downtrend with CC5 (the Close of current bar compared with the Close of 4 bar before the current bar) consecutively counted to 20. At this point the RSI(14) had been down below 30%. However, the Bollinger band (20,2) was...
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.
Hi guys,
I think Thai SET Index is forming the ascending triangle pattern, which I think might move in the side way for awhile before breaking out.
Please let me know what you think.
Note: This is just my personal opinion, not a financial advise.
![SET: SET, Stock Exchange of Thailand [Sep, 2018]](https://s3.tradingview.com/q/q9aXltHo_mid.png "SET, Stock Exchange of Thailand [Sep, 2018]")
