In this clip, I studied very early trading hours of a newly IPO stock SET:TPLAS and looked for investment opportunities for small profits.
SEP, 2018...May down to 1,660 or 1,640 via Fibonacci Clustering
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.
This video shows how to spot an onset of a new uptrend during early months of IPO stock when the popular RSI and MACD tools give no data at all.
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.
GLOBAL Break123 Maybe play by Runtrend Up
SAWAD Maybe Rise up to 56.00 in 22 Nov 2018
All comments are accept, please leave your ideas in the comments. Keep a good eye on this!
From recently news in the company industrial could lead the price to go back up to 90, potentially could be a breakout but lets have a close look.