Selling Climax on 02/03/2020
Lower low on 17/03/2020 with low volume
Higher Low in Sep 2020
Accumulation for 1 year from Mar2020 to May 2021
1st Big White with 1-year float on 19/05/2021
However, it seems a false breakout with less than 60% volume on 24/05/2021
Actions: wait for the confirmation for a rally.
Accumulation phase starts in April2020 to Nov2020, a big gap up with 1-year volume float confirms the beginning of uptrend in Nov2020 and later breakout.
1st buy at 24.00 in Nov 2020 ***which actually published the idea on 02Dec2020 on previous post.
2nd buy at 31.00 in Feb 2021 (failed to match position in 2nd accumulation phase)
Price was accumulated for 8 months between 16 to 24 THB, then did a huge gap up, and resistance breakout at 24 THB with relatively high volume shown conviction and interest in Nov2020 which provides a significant upside signal. Price threw back to 24 THB as support line in Feb2021 and likely to continue moving in the breakout direction (now 32.50 THB). However,...
Though a stop loss triggered after price failed below the speed line in 3rd box, buying this stock at supporting line (low retest with low volume) for the long haul could exist.
21.0 may be the stop loss of the long run strategy.
After SET index breakout 5 years channel at 1600.00, it retested to 1600.00 support line and showed the weakness breakout as long red and short green candles.
It dipped a little new low at 1590.00 so this notices the bearish sign of lower high and lower low.
Forecast : Bounce to 16500.00 and plummet to 1500.00/1350.00