Set
BCPG is going downBCPG is currently in the weak momentum for both TF day and TF week.
The idea is to Short when it's Breakdown the yellow line.
the first target price is at the Blue line
Cutloss when it goes againt Short at 15.40
Will DJI break north or is it time for a, deeper, pullback?DJI has a negative divergence and is losing strength, since the March rally began.
Blue line is SET, in comparison, which has already begun to lose its momentum.
Will the SET saga make a decision, in the coming week, to where Hope all has been able to cut your Long trades, while still with profit!
As SET shows the bears has taken over at lower and lower prices, even though it took a bit longer than I anticipated SET turned by the falling resistance. So what is interesting now, is if we get the “buy the dip” opportunity I was looking for in my last published analysis.
As we’re getting closer to the end of the triangle looking pattern, a breakout to the north from here will be strong…that is if the sentiment changes and continues to follow the trading psychology. So, if you’re a risk-taker, look for the Bulls to show themselves in a lower timeframe, tomorrow or the next coming days, in and around the support. While I will wait for SET to breakout north of the falling resistance, before doing enything and would love to see it retested the support-resistance from above before leaving it to go up nooorth!
As I feel that my luck has been good to me, until this point, I have made the decision to step aside until I feel the market is in a clear obvious phase. If this is a breather in the longer 2nd phase or if it's in the 3rd phase and the bearish 4th phase is waiting, is too early to say! So I will wait and see if the market will go bullish through the “covid earnings” or not. And setup my Long trades thereafter.
AWC is gathering its momentum for the next bearish waveAWC have a Really bad time at its fundamental (hotels and tourism) and on its way in Mark down phase.
The idea is to wait for the breakdown for shorting at 3.70 with the small stoploss at 3.82
its first target price is at its old bottom of the cup around 3.20
ACE is going down
ACE is long way for the uptrend and now ready to goes down. The stock came to its New Year Resistance and have a very hard time to pass through this wall.
With the Bearish Divergence, Multiple fault Big Volume breakouts and the Weak Momentum in Week graph, the stock could goes down for awhile.
The idea is to just short arond here and stoploss at 3.82 /OR/ wait for the breakdown the blue line at 3.60 and stoploss at 3.74 .
The first target price is its last base at the green line around 3.12
SET is still make everyone like on a Dance floor (Hard Sideway)
SET is still in a very hard sideway and ready for the explosive Up or Down trend.
The idea is to waiting for the breakout of either way and if the retrace isn't getting back to the old sideway range. That's the real good time for the Huge $$$ :)
Yeah! What a weekley finish SET gave usWe've got a turtle soup pattern AND Friday closed with a --close to perfect-- bullish shaved top candle. And all of this went down, and changed power around the support resistance, I have been mentioning for so long, 1315.
Bullish shaved top candles, is most often followed by a smaller pullback in the next candle or coming coming candles. But it is a very bullish candlestick!
What I would put my trigger over the middle of last Thursdays large bearish candle, since the middle of large candles often offers support and resistance. And if you go into the hourly chart you will see the resistance SET will face (in the middle of the previous day's candle, 1330) although, if SET opens with a gap above the middle, 1330 will become a short-term support!
In the graph I show my 3 step play from here.
No. 1 would be to size down or sell all at the falling resistance.
No. 2 then if SET breaks through, wait for the retest (in a lower timeframe) and trade it from there.
No. 3 If it doesn't make it through the resistance, then wait for a candle pattern (lower timeframe) worth following, closer down to support level around 1315.
Trade setups No. 1-3 is done with a stop-loss because NEVER swing- or day trade without one! Well that is my simple rule :)
SET broke through the pennant bottomHello traders out there!
We can now see the full force of the bearish engulfing, the 22nd of July, I hope everyone with active SET trades has protected them, with a stop-loss, or taken out profits since then.
If the slow shielded animal (more explanation about the phrase later) won’t give protection to SET I can still see nice turning points. Mainly due to the simple fact that this run was done with so many gaps.
Investors need to get familiar with a simple fact, that gaps will get filled –sometime in the future, in some timeframe, they will most defiantly get filled.
First of all, I put some trust in 1300 (double zero) support and resistance, and if it gives up, then SET is back in in the “gap-island” support. At the bottom of the island I will also put FIB.50 and if the support from here, either, find the strength to have SET bounce back, well then I would say; “prepare for a setup that can very much mean SET will test March lows”
Finally, let’s finish this with a positive note, for all Bulls out there: can always hope for a classic turtle soup pattern, i.e. false breakout, occur and if it does then be prepared for a ride up north. breakout is almost always a strong signal to the opposite way of the breakout.
SET INDEX should it rebound?Today SET Index drops to its 50 day SMA and Fibo at 1341. If this support is strong, SET should rebound this afternoon or next week.
Yet, again I ask myself the question; where is SET going?SET has been consolidating now for a while, hope you haven’t been greedy and has taken out your short term profits, since early June.
So what happened today?
Did SET fool traders, with a false breakout, or is it simply retesting the breakout? Well, if we tomorrow get a Gap and Go, it could be a bullish ride worth to follow for, a while.
If today’s pattern of a Bearish Engulfing is confirmed by SET tomorrow, then I hope all traders out there, do use a stop-loss to protect their losses.
Happy trading!
SET Shopping timeIt's shopping time! This week is the week of opportunity!
After COVID19 Sell on March.
MACD histogram has increase (more +) (red -> pale red)
MACD & Signal start to rise from -0 (sub zero)
This week the pattern is similar to that month.
The Different is MACD is +0
My strategy is buy any stock you like with uptrend, strong fundamental.
Dont't forget to stop loss trader.
:))))))))))))))))))))
Bullish reversal BHRecently I have finished reading "New trading for a living" by Dr.Alexander Elder.
In the chart I see bullish reversal pattern similar in the book
-MACD-Histogram/MACD signal Bullish reversal
-False Break at 105.5
-The price pull back to the resistance line 107.5
-Increase volume
Actually the ideal price for buy is 105.5-107.5
But I see the chart today so there is a price pullback so there should be an opportunity
Stop loss is 107.75
So if I buy today at 118.0 so it's a bit of risky (loss -8.5%)
In the book said you should never loss more than 2-6% of your portfolio
So
1) move stop loss
2) wait
SET Elliott Wave CountI hope all is doing great! I will share my Elliott Wave count with you and it can be a sign of bigger moves will be infront of us.
Even though, my primary target has been to go much further down south to close gaps SET has left behind, since the March lows. I have stated to question this, at least for the near term trend but as the wave count says, when the correction is finished with, only the future knows in which direction it will take
Here is a bullish view at SET. And how that could be played.Here is my setup for those of you who believs we are still in phase 2 and will continue up north. Have a look what happened last time SET touched ema40, will next time have the same affect? If you are a bull, then you should go for it. Very similar to my bearish setup. So its all about what you belive will happen
Here is a bearish view at SET. And how that could be played.Those who believe SET has entered phase 4, then the direction is down south. I am ready to follow the pennant flag pattern, with a target of 1230-ish, and that number coincides with the bottom of, what I call, the "covid-panic-island" which should offer some suppport so could be a good place to lock in some profits.
SET View of last week of june2020Sideway trend stil end of month. However, next month is likely to be an uptrend, but not more than 1450.
Let's see if SET will choose a direction today, up or down.I am guessing that most traders believe that today will be a red day, after BoT decision over Thai banks, and who knows if other sectors will follow because have many been able to make any profits, for interim dividends and buybacks?
In the graph there I don't see anything saying, up or down, but I see that a big move is too come quite soon.
The day is still upwards looking, and in 30 min (shown here) is showing that it has been collected power, for a few days. Not in what direction it will go, though.
If we go in the daily graph, and expects SET to follow the trend. Then go bullish today, as there will probably be good “buy low” setups you can find.
Or if you believe the BoT decision will be what stopped the bullish retraction in the bigger downwards trend. Then look for good selling opportunities.
Whatever you believe, it is often much smarter to wait for the market to decide for itself, so my recommendation would be to wait, at least 30-60 minutes before you make you decision.
Where is SET going??SET is building up power to, either go bullish or collect more strength further down south. In a purely technical sense I am neutral, until it has closed in either direction of the last 5 days triangle pattern. Although the market has shown that the underlying sentiment is bullish. So my primary target is therefore, to go in the northern direction, to at first test the last highs around to 1450. If it is not happy with where it’s at now and needs to go further down south, then I see a couple of targets on the downside. First is at the long-term support around 1315 and secondly to test the gap island (from the Covid panic fall), around 1250-1300, I can also find FIB.618 at 1285 so just in the middle of my first target south of where SET is at now.
Does this tell us anything about the Thai stock market???FTSE SET Large Cap might not be so well known, but is a index of the top 30 companies on the SET that is consistently recalculated, as to that they are ranked by full market capitalization. As of when I started to do this rapport, only 4 was over ema200 (day).
SET:CPF
SET:GPSC
SET:GULF
SET:HMPRO
SET, SET100 and SET50 are all also under ema200. What does this say about the bullish drive force, since the bottom on the 13th of March, when the majority of the largest companies just doesn't make it? Are there any strength behind it or only hopeful thinking and follow other Asian, European and American markers?
Please post your thoughts and lets have a conversation about it.
SET View of the second half of Junei think "SET" above fibo50% than back down below that "bull trap"
