It hit strong a resistant over 200EMA, follow buy when breakout.
RS | Thailand SET Index | Media | Commerce Sector | Price Action Trading Chart Pattern: Falling Wedge Bullish Reversal Price Action: Entry @ Breakout Pullback Indicator: Volume profile strong support Stop-loss position and possible for uptrend price jump RSI: slight bearish divergent indicating short term price pullback - buy opportunity MACD: bullish golden...
RS and WTZ2 in Downtrend. Consider risk reward ratio and position sizing before trading.
Truncated zigzag Target price 29.25 thb already reach the target
RS have performed on their financial results very well on the previous fiscal year. That reflects on their technical chart with WTZ cross pattern. We may prepare the trading plan as the follow.
The price movement is very beautiful. The company just acquired the new subsidiary. There’s room for the new uptrend with news to play with.
Trend was likely to be reversal when it shows two higher bottom and 19.0 breakout with peak volume and a gap up afterwards. This is kind of the uptrend confirmation. The target are predicted from the cluster of Fibonacci extension and projection which accidentally equal the peak volume price level in the past months.