SCGP HIgh RS ***Trend analysis Major-Downtrend Minor-UP trend ***Pattern analysis Major - Double Bottom Minor - HH/HL ***Tactics 1.Buy on Weakness 2.Price> MA 3.MA Cross up Expected TP RR 1:2.38 Have a good trade kub :)Longby PhisutInhunUpdated 0
SCGP - TFW Wave Target Reversal Projection - Bull Trap A potential bull trap scenario with one more wave downtrend. 1. First correction - Extended flat ABC Wave B retraced 78.6% / w.a and w.C: extended 161.8% of w.A 2. Complex triangle ABCDE pattern 3. The current downtrend wave doubled zigzag ABC pattern with wave 4 in c leg targeting 38.2-50 % retracement at ma50w, creating a false breakout signal before final wave 5 downtrend. RSI at the lowest position - no bullish divergence trend reversal signal support Shortby dukeposh0
A new era: a departure from the past three decades.SCGP and its paper cartel have experienced a decline in their dominant position within the domestic market, where they previously maintained a strong monopoly and significant control. Historically, the paper packaging industry in Thailand has been recognized as one of the most expensive globally, largely due to the stringent control exerted by SCGP and its cartel over the pulp and paper supply chain, particularly in the corrugated box segment. The recent policy decision by the Thai government to exempt taxes on Chinese imports has introduced unprecedented challenges across various industries, with the paper sector being no exception. This shift has effectively dismantled the barriers that once protected the local market, leaving it vulnerable to formidable competition, which outmatches the domestic capabilities by a significant margin. This is also relevant to other ASEAN markets, such as Vietnam and Indonesia, where it lacks the advantageous positions in capital and regulatory support. Looking ahead, SCGP and the broader Thai paper industry will be compelled to pivot towards innovation and substantial research and development efforts to remain competitive against the influx of more affordable and technologically advanced Chinese products. Regrettably, SCGP's strategy of diversification and international expansion has led to the dilution of its resources, including both human and financial capital, rendering it a generalist in a landscape that increasingly demands specialization. This strategic spread has left the company vulnerable to multifaceted competition. Whether it could turn itself into a technology-first innovative organization is yet to be seen, but, in my humble opinion, unlikely. The relentless drive of Chinese competitors to leverage their extensive industrial capacity in the ASEAN region poses a significant threat, undermining smaller entities and eroding the profit margins of larger firms, all while often neglecting considerations of sustainability and principles. With the expansive reach of the One Belt, One Road initiative extending from Myanmar, Thailand, Laos, and Cambodia, and spanning from the Indian Ocean to the South China Sea, ASEAN is poised to transition into a new era under China's influence and control. The implications of this shift are likely to be seen and felt on a global scale.Shortby terrabangkok3
SCGP and WTZ3 in DowntrendWhile market and most stocks move in downtrend, holding stocks or trading opposite the trend is not strategic idea. I try to pick up stocks moving in the same trend or early downtrend. SCGP is another one to use Surf on the wave technique to trade on the continuous trend. Swing trade setup is also applied for a good entry. Good LuckShortby surapats0
SCGP : SET INDEX (WATCHLIST) Everything is on the chart, . Btw.. KEX found its bottom see link below Trade safe n fun! Longby baby_rhino3
SCGP | Dragon Rectangle | Entry @ Doubled Bottom BreakoutPrice Action & Chart Pattern Trading Medium-Term Setup > Dragon Rectangle - Doubled Claws / Bottom Breakout signal Indicator: > Smart Money and Banker Chip Volume support > BBD Banker bullish signal above baseline > Fundflow bottom with reversal pattern > KDJ Stochastic on uptrend ribbon RR: 2:1 Always respect your stoplossLongby dukeposh0
SCGP : SET INDEXEverything is on the chart, wait until weekly candle confirm, but weekly MACD doesn't look good . I still have to manage the stock portfolio even though im not really in it. Feel free to feedback / comment and share ur ideas. Thank youby GloomyBoarUpdated 1
SCGP| Bearish Bat Harmonic Parallel Channel | Target DowntrendBull trap with a bearish big bat harmonic pattern we did not spot until later. Shortby dukeposhUpdated 0
SCGP | Inverted Head & Shoulders | Buy signal - TP 68.50 (+11%)Thailand SET | SCGP | Target Price 68.50 | Resistance 64.00 EMA50 POC VA | Stop Loss 59.00 > Inverted Head & Shoulders showing Buy Signal after recent Smart Money and Banker Chips strong signals > Main Elliott Wave Position 4 with positive banker chip signal Longby dukeposhUpdated 1
SCGP (TH) - Elliot Wave AnalysisNon-Standard Correciton. - There is an opportunity to enter at the end of Primary Wave . According to Elliot Wave Theory, after a non-standard correction, price should retrace to at least 61.8% of the last correction (@62.25).Longby suphaveerk0
SCGP and Swing Trade SetupSCGP has the setup of Swing trade. It retraced only 38.2% and possibly make a new high. Fibo. P. 61.8% is the first target of this trade setup. Good Luck!Longby surapats1