Get started

Thailand

Can this develop to Wyckoff pattern? Can this develop to Wyckoff pattern? What do you think? ------------------------------------------------ Background: Ratchthani Leasing Public Co., Ltd. is engaged in the provision of hire purchase and leasing services. The company operates through three reportable segments: New car, Used car and Others. It also offers after-sale services, processing of renewal of car registration, compulsory insurance, and refinancing. Source: Tradingview ------------------------------------------------ Analyst-consensus (as of 26/08/22): Year______'2022F' '2023F' Average EPS: 0.34 0.38 Average Div%: 4.46% 4.90% Average Traget: 5.06 Source: www.settrade.com ------------------------------------------------ Disclimer: The Content is for entertainment purposes only, you should not interpret any such information or other material as investment, financial, or other advice. You alone assume the sole responsibility of evaluating the merits and risks associated with the use of any information or other Content on the IDEA before making any decisions based on such information or other Content.
SET:THANI
by NattoV
2
Thailand vs USA- A good point for Tourism in Thailand, the country could get much more US/EU customers in 2022-23. - in return it will be much more pain for Thai Peoples to visit USA and EU. (Euro is weak vs USD, but strong vs THB). - Tourism still remain a big economic factor for Thailand, and much more important right now, after Covid Pandemic. - The big problem is : Economy not only based on Tourism. - Importations will be much more expensive for Thailand, and they will get much less profits for exportations. - Thailand is the biggest exporter of natural rubber in the world ( around 14B annual ). Scenarios : - if DXY breakout his bullish trend and reach 120ish, we could expect to have 1$ = 39 to 41 THB - A panic sell of riches peoples and companies could lead to transform their THB to USD. Then THB could back to 2001 situation, 1$ = 45ish THB. Happy Tr4Ding !
by thecryer
What does the DeMarker suggest for the Thai Baht?The US dollar/ Thai baht (USDTHB) has been rallying to the bullish side. Hawkish Fed policy has remained the key source of dollar strength, but one may still wonder if the trend will continue or if it is already oversold and is bound for correction. A unique indicator used to identify if a trend is oversold or overbought is the DeMarker indicator. The DeMarker, or "DeM" for short, is an oscillator that compares the most recent maximum and minimum prices to the previous period's equivalent prices. This comparison attempts to assess the directional movement of the market. The DeMarker was created as a leading indicator, thus giving traders a possible signal for an imminent trend switch. Unlike the most used oscillator tool, the Relative Strength Index indicator or "RSI," the DeMarker focuses on intra-period highs and lows rather than closing prices. In the chart, we see the DeMarker indicator highlighting the overbought and oversold conditions. Using the DeMarker indicator, we could check if the level is below 30 and considered oversold, or above 70 and considered overbought. An oversold condition might signal a move to the upside, while the overbought condition is typically a sign that the price may begin to fall. With the help of a moving average, we could determine the current price trend before taking a position. For the USDTHB pair, we could see that the price in the daily timeframe is presently above the 200 EMA period, which indicates the USDTHB is on a bullish uptrend. Looking at the DeMarker indicator, which previously broke above the 70-level last week, suggests that the price is in extremely overbought territories. Since then, the pair has made a pullback and may head towards the 35.5 level to create a higher low in the current uptrend before the DeMarker indicator gives another signal for a potential trend continuation to the upside.
by BlackBull_Markets
1
Thailand : Recover from Covid-19 and Spike of Inflationas Thai government expected to announce to end of covid-19 pandemic and hope that the tourist around the world will visit Thailand after post-pandemic. unfortunately, it is probably not going as planned when Russia invaded Ukraine which triggerred sanction from many countries around the world. the war throw the oil price to the moon, as well as other comodities and the inflation rising up. the recovery is seam to be as expected. this chart will show how invest in this circumstance since history may repeat itself. i will update again after the FOMC meeting, hopefully the interest rate of US would not higher that expected.
SET:SET
by morzor61
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
Carabao Group PCLShare has been falling because it was over-hyped and over-valued. I am expecting more of a pullback and a retest critical support zones between (90-87 baht) (87 -80 baht). We should see a bounce at these levels, bouncing off an existing trend line . However, if that doesn't hold then we could see another meaningful correction to lower levels to bring the multiples back down to earth. The earnings report should lead the way for direction. If their earnings report isn't to the markets liking, then we can expect that 87 baht area to fail and gradually make its way back down to the 40 baht region. If the Earnings report is decent and shows growing revenues and increasing margins, well, then we could see that white trend line holding and could be the catalyst for a continued uptrend. With a P/E multiple of 32 - the market is pricing in expected earnings for the future already and is expecting big things from this company, so I would tread lightly here. Any missed guidance or revenue contractions will send the share tumbling. Nonetheless, I will be taking my first position between 80-90 baht baht and leaving it there for the long term, and will be looking to add again in the 40 -55 baht region.
SET:CBGShort
by TalkingCents