📉 Stock: Bangchak Corporation PCL (BCP)
💰 Current Price: 29.50 THB
📊 Trade Idea:
Price is currently trading near swing lows around the 29 THB zone, shown in the blue highlighted demand zone. Historically, this level has acted as a strong support, with prices bouncing to the upside after touching this zone.
If the pattern holds, I anticipate a bounce from this level, providing a potential upside opportunity with profit targets at:
1. 📈 32 THB
2. 📈 33 THB
3. 📈 34 THB
4. 📈 39 THB
This setup offers a favorable risk-to-reward ratio with clear levels to capture profits as the price rises.
⚠️ Stop-Loss: Consider setting a stop-loss below the swing low to manage risk in case the support fails.
🚨 Disclaimer: This is not financial advice. Please do your own research and consult a financial professional before making any trading decisions.
Let’s see if this support holds! What are your thoughts on this setup? 💬
#BCP #Bangchak #TradingView #ThaiStocks #SwingTrade #SupportAndResistance #TradeIdeas
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.