Trading style: Trend following
Trend: Strong Uptrend
Why I buy: Break the triangle
Entry Point: Today price & >24.9 (Break the last high 24.9)
Note: Aware of spread changing from 0.10 to 0.25 at price more than 25.0
There is a bit more room to go up for bank sector, target at each fibonacci retracement points especially the 61.80% at around 112.75 with a big gap.
However, performance reflects in stock price, and stock price reflects performance. Let’s see how far it can go.
After SET broke out north of the bearish wedge, I have revalued my earlier future strategy and predicted where SET will top this “going-to-the-stars” run, it will be around 1730 – 1800. Would also predict this will occur in or around November, December +/- 1 month.
So if my predictions are correct then follow the trend and continue to be on the buyer's side, at...
