Is SIS going up? How far?
SIS is currently around a major support level, shown as the yellow dashed line. In my opinion, it is still likely to bounce off this level and test the next resistance.
This is supported by a strong and robust volume profile, which, for me, is a sign of potential upward movement.
However, SET sentiment and the Thai economy remain weak, and the major trend for SIS is still downward. Therefore, I don’t expect SIS to go too far.
This is supported by a strong and robust volume profile, which, for me, is a sign of potential upward movement.
However, SET sentiment and the Thai economy remain weak, and the major trend for SIS is still downward. Therefore, I don’t expect SIS to go too far.
Trade active
Today, SIS formed a green candle with a short upper wig. The Point of Control(yellow) has moved higher, but with negative delta value (-126.5K), -> suggesting that sellers are still active despite the upward movement.
IMO, the uptrend is still in its way, but the question is how far will it go?
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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.