It looks to me as if RCL is a corrective move to the downside. RCL is interesting as price action brings the actively traded value of the stock down to 37 Baht, some 30 Baht away from it's all-time high. Despite convincingly bearish PA since August of 21' RCL has posted great profits, with higher revenue and somehow, a higher profit margin every quarter. Their...
Price action and chart pattern trading setup > Contracting triangle wave correction ABCDE ending estimated at just above SMA400 > Long trading at lower triangle support and / or A position > 1st Target at 0.5 fibonacci retracement at upper triangle resistance. > Risk reward ratio at 2:1 for medium term trade. > Stop loss at SMA400 Indicator: > Smart money and...
Price Action and Chart Pattern Trading Setup > Bullish Dragon Pattern with upcoming triangle breakout ENTRY setup above EMA200 and Volume Profile Point of control 44.50 > 1st Target upcoming TAIL HOOK fibo 0.5-0.618 > 2nd target at DRAGON HUMP 0.618-0.786 > 3rd target DRAGON HEAD 0.786-1.0 > Tail extended target DRAGON HORN ZONE 1.0-1.618 Indicator: > Smart Money...
Price Action & Chart Pattern Trading > It wasn't forming a cup but a big bearish bat harmonic > Break down EMA200 major resistance and test the bat harmonic resistance target. CCFI China Container Freight Index still on the all-time high value but price pressure still coming from the sharp declining of BDI index. en.macromicro.me Indicators: Wait for...
RCL | Thailand SET Index | Transportation Sector | Possible Wave 2 of Grand Supercycle - TP 107.50 Stop Loss Conservatively 40.00 (EMA200) First Buy: 44.00 Second Buy: golden cross EMA10 Third Buy: cross up EMA20 or breakout downtrend channel of trade Key indicators: > Truly aggressive Banker Share Volume turned green and Smart. > BBD signal about to cross up...