BANPU Accumulate BUY
Scenario 1 : Current price pull back to 61.8% possible to reverse up as of W2 but still posible reach to 78.6% level
Scenario 2 : Not end C Correection W5 , it possible price will be drop to 61.8 level as end of W5
But generaly can accumurate buy , due to High dividend Yield ++
Price action and chart pattern trading
> The big question mark is Wave C correction is relatively too short in nature of a standard zigzag correction.
> Assuming the correction is done, the current minor leading diagonal target Wave 5 is projected at 1.236 - 1.618 retracement of the current minor wave 4.
Always trade with affordable risk and respect your stoploss
BANPU is coal stock
At the moment coal is rising, If break out the supply zone then it's good buying opportunity.
(btw, this is monthly chart... It will be quite a very long timeline at least 3-4 years until it reach the peak of cycle)
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Trade safe n fun
don't forget to place the stop loss at ur acceptable risk
BANPU recent crossover EMA10 due to sudden decline of coal price and China restarting domestic coal production. China" orders "coal mines" to increase production capacity to almost 100 million tons to solve the energy crisis. China orders more than 70 coal mines
> Target Price 1 @ 15.7 based on Elliott wave extension projection.
> Stop Loss EMA50 @ 12.3
> Possible...
- On the weekly chart, you can see that there is a CYCLE zigzag truncate pattern. According to Glen Neely, this pattern has a minimum target of an 81% retracement @45.5.
- On the daily chart, there are two likely scenario that could occur:
1. Primary wave has already completed and we are approaching Primary wave .
2. Primary wave might not be completed: we...
SET:BANPU
Add buy Trade Setup is OK
Last buy RR > +3R
Green Future KMO
Price retrace to TK zone and rebound
iA Entry / Exit Order
Trade Risk 0.15%
Entry : Hi+1 Current period
Stop : Lo-1 Current period
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BANPU long position. Stock currently above VWAP from March slow and swing high earlier this year. Wyckoff bottom position. High potential for stock to run past current take profit due to heavy volume consolidation at the bottom. Stock currently above flat 200 day moving average and inclining 50 and 5 day EMA.
