From 2003 to 2018, each cycle from peak to peak for FINANCE index lasts between 36-46 months. Recent high in early May 2022 is equivalent to 49 months. Other indicators: - Negative divergence on monthly chart (CCI) - Similar negative divergence also appear on the monthly chart for big caps like PBBANK, MAYBANK, HLBANK, CIMB.
HLBANK Theme: Finance Rst: 19.36 Spp: 18.60 Forging higher high wave, with BB continues to widening northward, plus indicators remain healthy, achieving BO above 19.36 is possible.
HLBANK Theme: Finance Rst: 19.36 Spp: 18.00 Healthy consolidation above MA50, supported by widening BB and bullish RSI, MACD, shall gradually move to challenge the critical resistance at 19.36 again in near term.