DCON UKEM CHEWA COLOR GUNKUL : Breakout 8 June 2021
Even if the week held above support and resistance, it ended with an evening star pattern in day and heading to TF 115 min, the week ended with a shaved bottom candle. So all in all, next week its up to the matadors to get the bulls moving, because the bears is starting to waking up from their hibernation.
Recorded the pattern for confirmation in future whether my assumption would correct.
GUNKUL and WTZ1 Trade Setup. Fibo P. 161.8%and Tunnel Line is expected to be the target price.
ADVANCE month chart show that it is still in corrective wave
PSH and WTZ1 Trade Setup. First target at Fibo E. 127.2% is expected, then the next Fibo E. (138.2%)
NER has a very nice trending chart. Currently still BULLISH and UPTREND. FIFT +ve (Strong Bull) with BOD signal TE turning GREEN MCDX strong with 80% Banker's volume... Stop Loss is below 6 (Current price to SL is about 7% Risk).. Looks attractive. Other nice trending SET stocks are...
In the weekly graph we can see that the last 2 months Lower Highs has followed the declining resistance since ATHs, +3 years ago. Will this week have the strength piercing both the short term and the long term declining resistance???
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.
ITEL and Swing Trade Setup with double Fibo. P. 100% and 161.8% as the first target price. Good Luck