Set
SETTrend Analysis : Down Trend
SET is going down and closing at 1521.92
Next week, The significant index is around 1501.02
OCEAN long if breakout success with significant volumeSET:OCEAN LONG Ocean if it breaks out from the 1.82 - 1.85 range with significant volume, which can already be seen in the last two or so days, and the price is higher than the long term EMA AND mid term EMA.
SET Stock Exchange of ThailandThe Stock Exchange of Thailand is ready to make a last bounce followed by long period of Depression.
The post covid happiness will create a Fomo in Multiples international Indexes with a fake return of Tourism, Medias and Televisions will speak about we are returning to the normality, but this will be a short term joy stage.
Peoples will need some fresh air, they will move overseas for holidays, but the reality is their lack of money will make them spend less and back home faster, they will have to work harder and for years to refill their wallets decently.
The money printer stimulus will generate more taxes out from nowhere in most parts of the World, a new inflation system will come to knock medium and poor peoples doors.
Happy Tr4Ding!
UUUU update - Terrible time for shortsUpdating my chart as it seems to be followed by a few lately and has proven accurate since breakout in Nov..
We may see a quick (C) down to the confluence of support (Trend, Fib and MA) which would constitute a spike, though it may have enough buying buoyancy to be rather shallow.
Once correction is complete, this week will show the beginning of a W5 up to the $8 master resistance. It may get rejected there and correct up to 50% of the current 5 wave structure. That correction will be the LAST buying opportunity in UUUU/EFR
Is it a possible set up for VCP?SET:CPF
1) Higer lower low
2) Lower trade volume
3) EMA20 and 50 above EMA150 and 200
4) Expect a good earning in next Quater!?
Lets wait for next bars!!!
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Long SCI from expected turnaroundSCI has been in a downtrend for the past many years. It hit 2 year highs today closing at THB2.00, very good sign following expected turnaround with new projects (21 MW community electricity plants). Price to Book Value is at 1.00, no target price yet (will update with Q1 results). Good indication for long term as EMA 50 and EMA 200 cross.
NSI (TH) Nam Seng Insurance Analysis We see the lose of momentum a few weeks ago now the sellers gains some control which mean average participants who get involved average cost since prior lower now long holder is not ok they're getting selling pressure and now when the price is getting back to their break-even and lead to further decline on price to level of interest around 77ish and then we will update again
Wave analysis on SET(Thai stock market)As the global economy is expected to recover from COVID-19 pandemic, Thai stock market has also started to gain its strength.
In this post, I am sharing my wave analysis and Elliot count on SET, Stock Exchange of Thailand, starting with monthly chart to grasp the big picture of the market.
Monthly chart
The following chart illustrates major financial crisis during this 20-25 years.
Looking at the post-Lehman crisis period, 5 wave bullish trend seems to have been finished with the 3 corrective waves; ABC as indicated with black wave and it bounced from black trend line.
Weekly chart
Price plunge due to COVID-19 pandemic ended around 970THB, where the market turned the way upward. Now it seems to form the third wave as indicated with purple waves.
Whether Thai stock market really regains its strength like pre-VIX crisis period depends on if the price can exceed lower high of weekly chart(purple dotted line). If going above the line, the market would have a chance to try record high, which is 2018 peak.
Daily chart
Looking at the daily chart, we can see that the first wave of weekly chart consists of 5 bullish wave of daily chart and it looks like the market has been forming a third wave of weekly third wave.
The next challenge would be if the price can go above the resistance line at 1600THB, which is also capped by 200 week SMA(light purple MA).
According to Bangkok Post, foreign investors in SET turned net buyers in Nov 10,2020 which contributed SET price surge. Foreign investors buy is also a key to break the ceiling.
IRPC (SET) - Has potential to break and bullishGreetings
Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, do not be hesitant to send us message (inbox). Our Service : Signal recomendation, Trading Course, Portofolio Consultation for multi asset such as Stock, FX, Derivative, Crypto, etc
Strategy
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position
- Evaluate and upgrade your trading plan
Analysis
IRPC (SET) - Has potential to break and bullish
TMB (SET) - Still BullishGreetings
Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, do not be hesitant to send us message (inbox). Our Service : Signal recomendation, Trading Course, Portofolio Consultation for multi asset such as Stock, FX, Derivative, Crypto, etc
Strategy
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position
- Evaluate and upgrade your trading plan
Analysis
TMB (SET) - Still Bullish
PTTEP (SET) - Continue BullishGreetings
Humbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market. If you have any questions, do not be hesitant to send us message (inbox). Our Service : Signal recomendation, Trading Course, Portofolio Consultation for multi asset such as Stock, FX, Derivative, Crypto, etc
Strategy
- Please care for Money Management
- Have a good psychology
- Do not be hurry to open position
- Evaluate and upgrade your trading plan
Analysis
PTTEP (SET) - Continue Bullish
AOT (SET) - Move in ChannelHumbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market.
If you have any questions, do not be hesitant to send us message (inbox). Again, We have also provide signal recommendation with detail instruction
AOT (SET) - Move in Channel
PTT (SET) - Be Carefull for bearish temporaryHumbled, we would like to thanks for your support who has already liked, commented and followed us. Your support, strengthens us, to help in analyzing the market.
If you have any questions, do not be hesitant to send us message (inbox). Again, We have also provide signal recommendation with detail instruction
PTT (SET) - Be Carefull for bearish temporary
GULF to be LongIt can be the ended of wave 2 and coming in Wave 1 of 3 , the Fibonacci show retracement at 0.5 and MACD cross the Signal Line that show it gonna be Wave 3 and i thing we shoud Long the "GULF"
SET - Stock Exchange of Thailand Index - Still Bullish PredictioHumbled, we would like to thanks for your support who has already liked, commented and followed us.
Your support, strengthens us, to help in analyzing the market.
SET - Stock Exchange of Thailand Index - Still Bullish Prediction
S50H you are looking really heavy!Will see if the pullback finds support at the bigger rising channel floor, to me though, I looks like a lost cause BUT since SET50 still manage to keep above their floors, perhaps they can lead the futures for once :)
Anyhow I am back being bearish, with the first target at the support & resistance, that coincides with fib.50, at around 860-870
Long ETC if closes above 2.24, TP: 2.72 ETC's investors await good earnings reports today, if it closes above 2.24, the next target is 2.38, and subsequently 2.72. MACD looks goods, relative strength is quite strong. Good short term moving average upward cross. Chart pattern going according to Fibonacci pattern.
