Just forecastLow risk, high reward. The last support is 8.80, in the case of break down the title will be change to high risk, low reward. :)
4.68%
0.65THB
4.851BTHB
9.148BTHB
745.302M
About PRECIOUS SHIPPING
Sector
Industry
CEO
Khalid Moinuddin Hashim
Website
Headquarters
Bangkok
Founded
1989
ISIN
TH0363010Z02
Precious Shipping Public Co. Ltd. is a holding company, which invests in marine transportation business. The company owns and manages dry bulk ships on a tramp shipping basis. It operates through the following business areas: Ship Owning, Ship Chartering, Ship Management, Holding Companies, and Port Development. The company was founded in December 1989 and is headquartered in Bangkok, Thailand.
PSL | Wave Analysis | Target C-Wave H&S Bottom PatternPrice action and chart pattern trading
> Pattern Head & Shoulders with a possible target downtrend C-wave 0.786 fibo zone extension of previous A-wave
> Current moving uptrend minor 4 wave correction with limited downside at SMMA200W as the target.
> Long Entry @ local channel breakout once complete
PSL | Detailed Elliott Wave Projection - Bullish Scenario Price action and chart pattern trading
> A more detailed project of Elliott Wave presents an alternative bullish scenario.
> An Impulse ZZ family has possibly presented a wave 2 intermediate position going up making wave 3 on the way.
> 1st target at wave 1 position, 2nd target at wave 3 at 1.213 -
PSL | Elliott Wave Projection Standard Zigzag Correction ABC Price action and chart pattern trading
> Estimated Elliott Wave standard ZZ correction ABC - impulse C at 0.786 - 1.0 of wave A but can be truncated or failure
> Making the Elliott Wave main cycle W.II at 0.382 Fibonacci retracement of W.I starting point
Note: projection in TF4H and TF1H can be dif
PSL | Inverse Head&Shoulder | Buy on Falling Wedge BreakoutPSL | Thailand SET Index | Transportation Sector | Chart Pattern | Price Action
> Really waiting for entry at EMA400 but this Inverse H&S appeared the first time in the main Elliott Wave Correction phase.
> Wait for confirmed trend Falling Wedge breakout EMA200 for an entry point to avoid a false br
PSL | Re-entry Position @ Bullish Breakout 3 Drive Falling WedgePSL | Thailand SET Index | Transportation Sector | Re-entry Buy Position @ Bullish Breakout Falling Wedge Resistant Level - a possible Elliot Wave Position 2 of Grand Supercycle correction phase.
The PRICE ACTION TRIGGER of BUY position is the BULLISH BREAKOUT of the resistance of the 3-DRIVE FALLI
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