Price Is Approaching The Key LevelPrice is under the key level now.
Previous high was 5-6 month ago.
Previous low was 7 years ago.
Will price meet the 7 years low?
Thailand
SPRC : Wait for open long postion at clustering retracement.SPRC performs a higher low in mid Oct19, and higher high in Jan20. Likewise, this retraces 78.6 in mid Oct19, and foresee to repeat as sub-wave2 at61.8/78.6 clustering line (9.00THB).
STARK moving up in the squareStack did a small breakout with volume.
Now should be moving to the new trend line.
Green day after drawing back to both MV. AVG 12 and the trend line is a good buying point.
Easy stop-loss position - 2.20 on the trend bottom.
KBANK still be in downtrend As you can see the chart, It’s shows head and shoulders pattern in the past. Hence, It significantly represents a downtrend at the moment to continue the effects.
Note! Keep in touch with the price, waiting for the price has been increased together with high volumes.
MBK : several months accumulationBought a long position in 2nd accumulation box and now in 3rd box which is just a starting point in mark up phase - high volatility.
If this makes lower low of 3rd box, I will be go away.
BGC : several months accumulationI have bought at 12.2 in 2nd accumulated box and sold at TP 15.8 in clustering zone.
Now I been waiting for the corrective wave which the lowest swing could be 14.0-14.4 in mark up phase.
VGI : 1 year and a half accumulation As long as price is above the breakout, waiting for the markup with long candle and peak volume.
SAWAD inverted H&SSAWAD inverted H&S marked up 10THB and hope this breakout results at least 10THB mark up as previous.
SET Index to hit 2-year new low (Weekly Chart)After SET index breakout 5 years channel at 1600.00, it retested to 1600.00 support line and showed the weakness breakout as long red and short green candles.
It dipped a little new low at 1590.00 so this notices the bearish sign of lower high and lower low.
Forecast : Bounce to 16500.00 and plummet to 1500.00/1350.00
[SET INDEX TH] possible drops more in coming weeksWe can see LH and LL printing on the weekly chart.
There is also a lot of uncertainty about the election result.
Possible drop to the previous support zone (~1550)
If this zone breaks, very likely to send us to ~1500 and bounce there.
Going back above 1680 will invalidate this.
Good luck trading!
Stay safe!
SET50, still downtrended ?April 4, 2019
SET50 of Thailand, still downtrended beneath the RED downtrend line.
Once she retraced to 50% fibonacci retrecement (1073), then rebounded.
The major stochastic reached OVERBOUGHT and the bearish divergent was found on the minor stochastic (the light blue arrows), watch out for going down to 61.8%(1063) and 78.6%(1049) fibonacci retrecement.
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recognized virtues for #WaveRiders
USDTHB Downward Trend Continues The Thai baht over the past week started out the week sideways, but like the Singapore dollar ended the week up. This pair is a bit more impacted recently from political risk surrounding its election and because of this we may see more volatility not related to technical or fundamental components. Nonetheless, its important to keep in mind the overall trend remains downward sloping and a continued weakening of the US dollar. Moreover, price action remained in theshort-term trend line resistance range at the week's end reinforcing the notion that linear downward resistance is difficult to break. Additionally, the technical picture for USDTHB over the next week looks like it could revert back to the mean where RSI points towards overbought and the bull bear indicator suggests USDTHB long is overcrowded. Meanwhile, exponential moving averages also suggest continuation of our downward trend. In sum, USDTHB is still short.
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USDTHB Stalled Momentum, Still Trends DownOrdinary least squares method suggests we are still trending down in this pair even as many other Southeast Asian currencies are trending much further down such as USDSGD as can be seen here: In that respect, Thailand is an under-performer, but momentum has stalled even though some of the technicals are pointing towards a bit of an upward rebound. However, I am of the view that we still need to trend down a bit more before this sentiment can be achieved.
If you are interested in any more of my analysis that focuses on foreign exchange and equities, please check it out here anthonylaurence.wordpress.com
Short to 31.12, but be carefulOverall downward trend. However, moderate inflation at around 1 percent, growth contraction in Q3 2018 and only .8 percent growth in Q4 2018. Keep an eye on price action and be ready to make a quick move.
#BDMS - Breakout Alert Rectangle Chart PattenBreakdown of the rectangle chart pattern in BDMS
Bangkok Dusit Medical Services Public Co. Ltd. is dedicated to the health care business. The company operates through two segments: Hospital Operations and Other Businesses. The value is listed on the Stock Exchange of Thailand.
The BDMS price developed a rectangle chart pattern of possible distribution zone, of almost 8 months duration. I do not consider this pattern as a Head and Shoulders, although the volume follow its characteristics, but the closing prices, without bear the wicks in mind, the left shoulder and the head have the same level. Also, the upper boundary acting as strong resistance at 27.3 levels and the lower boundary acting as strong support at 24 levels. Both limits have been tested several times before the breakdown. The price has broken the uptrend line of 1 year and 7 months in addition the price action below the 200-day average.
- A daily close below 23.3 levels, confirms the breakdown of the pattern.
- The possible target price of the chart pattern is at 20.8 levels.
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Note: The entry and exit levels are references according to the principles of classical charting. Each trader must take their own decisions depending on their strategy and risk of entry and exit. These levels do not indicate specific entry and exit prices, only possible changes in the technical price action.
PTT (SET Index Thailand) Using the basically technical analysis (Support and Resistance) and fundamental. I expected the price of PTT will go up in the short term depend on the oil price. Based on the oil price, now the price of it also touched the resistance at 42.20 US per Barrel in D time frame then the price go up to approximately 48.20 because of OPEC. Now we should looking closely at the price of WTI on Monday morning to support the technical analysis. If the price continue go up, it will the good opportunity to long position (Don't forget your money management because there is no one know exactly about price in Stock market). Happy trading everyone.
buy long/call AMATA the buy candle stick occurred at support line 22. Consider as buy signal the stock performing bullish flag the target price 26/28 which is 15% from this point is might irresistible trade.
PTTEP short after pullback Price pulled back and did the high retest. then I aim to open short position.
THANI : Similar pattern after channel breakoutTHANI : Similar pattern after channel breakout
It's likely to gap up and reaching 30% to TP 11.40, though this mark up seems weaker than previous mark up due to the mid channel breakout. Hopefully the same pattern happens.
RS : Long position at 21.4 to TP24.0 (expected 12%)Trend was likely to be reversal when it shows two higher bottom and 19.0 breakout with peak volume and a gap up afterwards. This is kind of the uptrend confirmation. The target are predicted from the cluster of Fibonacci extension and projection which accidentally equal the peak volume price level in the past months.
