looking for a reversal sign CPF is in downtrend for quite sometime now. Price action is suggesting weakness in the 5 year chart .. but multiple support range may get tested before consolidation and then move up may satrt. entry zone
Charoen Pokphand Foods plc
No trades
Market insights
CPF Elliott Wave Projection | Triangle Breakout - RetestPrice action and chart pattern trading
> Wave Analysis projection - descending triangle / wedge breakout trading target
> Entry @ support retest breakout downtrend wave triangle
> Target 1.0 - 1.618 extension of ABC uptrend wave possible at volume profile resistance
> Stop @ right shoulder of inverted head & shoulders
> RRR 3:1
Always trade with affordable risk and respect your stoploss
CPF | Week Timeframe | Bullish Wedge Breakout | Entry & Target CPF | Thailand SET Index | Food Sector | Price Action Trading
Price Action | Bullish Engulfing candlestick strong momentum
Chart Pattern | Falling Wedge Bullish Breakout
Indicator:
> Banker Smart Money & Chip Volume Support
> BBD Banker divergent signal
> Fund Flow uptrend bottom signal
> KDJ STO on the uptrend channel
Place your stop-loss zone 5-7% below ENTRY
Recommended Risk Ratio minimum 3:1
Always respect your stop-loss
Good Luck
CPF | Trend Reversal Pattern Rising Triangle CPF | Thailand SET Index | Food Sector | Trend Reversal Chart Pattern | Rising Triangle
> Wait for candle breakout
> Multiple Bottom signals
> Banker Chip & Big Lot volume continuous supports
> MACD approaching golden cross (crossing up 0)
> RSI Ribbon strong divergent
Stoploss just above triangle bottom - Price Target at Fibo 0.786 - 1.00
Risk Ratio 1:3 minimum
CPF - accumulation I continue to accumulate in weakness because I am a long term holder.
Strong balance sheet and they continually pay dividends. (twice a year)
To me it looks like it has broken out of its long term downtrend and is now creating a new base before moving higher.
I'm using this graph to track price movements, could be some nice trade set ups. CPF sticks to its range.
Is it a possible set up for VCP?SET:CPF
1) Higer lower low
2) Lower trade volume
3) EMA20 and 50 above EMA150 and 200
4) Expect a good earning in next Quater!?
Lets wait for next bars!!!
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CPF - accumulation Looking like it breaks higher. Watching the trend line closely- I will accumulate in pullbacks.
I suspect a break to the upside in the coming weeks/months.
Will exit my trade position if it falls below 25 baht, will take some profits off at 34 baht, but continue to hold for the long term.
Does this tell us anything about the Thai stock market???FTSE SET Large Cap might not be so well known, but is a index of the top 30 companies on the SET that is consistently recalculated, as to that they are ranked by full market capitalization. As of when I started to do this rapport, only 4 was over ema200 (day).
SET:CPF
SET:GPSC
SET:GULF
SET:HMPRO
SET, SET100 and SET50 are all also under ema200. What does this say about the bullish drive force, since the bottom on the 13th of March, when the majority of the largest companies just doesn't make it? Are there any strength behind it or only hopeful thinking and follow other Asian, European and American markers?
Please post your thoughts and lets have a conversation about it.
