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SET50

CRC is looking GOOD in the big tfCRC is the Thailand's leading Department Store and Retailing - if anyone ever visited Thailand will realized that the weather here is D*MNLY HOT - that's why everyone love going to Malls not to buying stuff but mostly enjoying varieties of life style service that Thai's Malls provided. Fundamental Analysis = As I told u earlier, Malls are like the heart of Thais and people who travel to Thailand, with the expect of much better situation of Covid-19 the got people less worry for and the tourists are now coming back, we can see the potential of "The malls are back" to play. Also to mention, both of its Net income and Revenue are getting back much stronger than the passed 2 years. ** Technical Analysis = As u may see, CRC is now forming kind of Cup with Handle base in TF Week, its Low getting higher with the major resistance at 40 baht. So u may follow buy when it is breaking out (the orange line) and set the stop loss at 37.25 baht (the pink line). Its first target price, sell in half, is at 51.50 baht (the blue line) and the rest go with the flow of EMA20, Worth it :)
SET:CRCLong
by WanphenSukkaew
Has the air ran out from SET?After a strong bullish run, SET managed to close with bearish candle that engulfed the larger indecision candle from the trading day before. I would have been calmer if SET50 and S50 would have followed its sister, but they have not had a close over the June highs. So let's ask us the question; is this the end of x-mas / Covid vaccine rally and time for a lager correction? Well if the 1450 support doesn't hold, the gap support and fib.618 might very well be a good area to find new buyers. Although, I personally, would feel more at ease if SET went all the way down to fib.50, to find new buyers, so investors can get a healthy northern ride, with nice slow higher highs and higher lows.
SET:SETShort
by SamuiTrader
Politics is noting for me, the stock market is.......so here is a short post of my thoughts —from the passenger seat down to weekend celebrations in Hua Hin :) After SET50 did retest the 800 resistance and support, from below, it has put its GPS on a southern destination. But how far down south is it heading??? Well my best quess would be, to test March lows. I want to end this publication with a few words that years on the market has taught me: Since it's impossible to control the market, don't! Establish in what the trend of the market is, and follow it! And lastly, ALWAYS use a stop-loss for all of your short and medium term trades!
SET:SET50Short
by SamuiTrader
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.
SET:SET
by SamuiTrader
2
My future thoughts of where SET is headingWe are currently in a bearish wedge, which normally is followed by a run down south. Although, the times it occurs in the opposite direction it is often a very strong and powerful run up north. I am bearish, due to the fact of the wedge and the falling resistance, from July 2019. And also that we have consolidated for about a month, by the "covid-panic-island" and the resistance will be by the Evening Star, with two strong gaps, I have hard time seeing that SET will have the power to move much further up north, away from that area. I have to say; these are interesting times.
SET:SET
by SamuiTrader
7