As i mention before that we are going to hell and the Financial crisis are on the reach we still have time to cut loss today.
As you can see The yellow line still are on down trend everytime set want to break out it's fail as i mention in blue circle.
Now the it's clear that 1250 not support anymore and it's may continue down to at least 1200- 1180
To close at 1267 (about 38.2% Retracement) seems promising in a short run, however, when Index faces with a resistance area and also a upper limit of downtrend channel, it shows a sign of weakness by a bearish candlestick.
The last two candlestick in Tf day are also a bearish engulfing.
But shall it rebound a little bit to widen in downside?
Dear investors, this is a question I have had for a long time.
Will the Covid Panic Island powers be too strong and force the price index lower or have the market collected strength from half a year of knowledge?
Sorry to say to all SET investors, I don’t think it has and am more bearish now for than I was in the middle of March.
We’ll see if 1200 will be...
As SET has been unable to go past north of the falling channel resistance. Be ready for more on the downside. I am still waiting for a long-term signal to open up any Long trades. Am now waiting for the 1250 to have its saying, although do not believe it will hold.
If SET doesn't manage to keep from going through the long-term support and resistance, with...