Price action and chart pattern trading setup: > ABC correction - main downtrend channel breakout in TFW and bullish Anti Nenstar pattern - possible a major trend reversal pivot point > Indicator: MACD / RSI bullish divergence - strong reversal signal in TFW > Entry @ Breakout retest zone SMA50 - 20 > Target @ TP1 17.2 + 15% Inverted Head & Shoulders Target / TP2...
Trend Analysis : Up Side Trend TP: 21.60, If they can break out the Resistant Horizontal Line at 18.90
261.8
BPP might be formed on swing setup and trading range. Trading opportunity should be considered.
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.
