6/27/2022
Balance : 10000 baht
buy 9.40
100 position
cost 940 Baht
CF: 0
Equity : 9060 Baht
Order holding Zone : 9.40
Note : Now we confront on low volatile bear market ( Sideway down ),I have to decrease grid gap to generate cashflow easier. ( From 0.40 to 0.20 )
*In this Thesis I use for paper trading not a real account pls use for education only.
Just tracking price movements. don't misconstrue this as investment advice.
I'm looking for a breakout into next year. (2022)
Price target is 11baht by end of Q1 (March 2022)
If there are signs of the economy recovering,
then we can expect a breakout then a retest back into the breakout zone (8.5-10.10 baht) and then a higher retest at previous resistance zone...
Strong resistance at the 9.60 baht area.
Support at the 9 baht area.
Set50 has been under pressure because of the Thai economy. Tourism made up 22% of the GDP in 2019 before the pandemic, so appetite for Thai equities has been tainted.
We can see a descending triangle forming - which indicates that the bears could step in. If it closes above 9.50 on the weekly...
