Thailand
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 $$$ :)
Next leader in Thai stock marketFinancial sector is leading the market at the moment but petrolium within industrials is also showing signs of strength. $BCT stock is in a buy zone:
1) Relative strength curving up on daily and weekly - potential outperformance
2) RSI in buy zone
3) Massive falling wedge approaching its apex, watching breakout today
4) Volume signature shows the presence of buyers.
Long Friday open.
SET - long-term positive trendSET index has finished a corrective 3-wave intermediate pattern that retraced around 50% and reached the fourth wave level of two lower degrees, which is a typical end of corrections. It is now finishing to trace intermediate wave 1 or A. We may see a smaller correction that should end at 1,200 - 1,250 range before the uptrend continues. FOLLOW SKYLINEPRO TO GET UPDATES.