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.
Thailand
Beauty : Long position as in mark up phase 02Assume selling climax in July 2018 and accumulated for 26 bars. Then it did breakaway gap and marked up(01) for 30% approx. Again, it accumulated for shorter period for 16 bars and later did the breakaway gap which assuming this is in the mark up phase(02). Hopefully, it will reach 30% as a minimum next TP that should not be less that mark up phase(01). Nevertheless, period of 7 bar for the mark up phase should be considered.
My TP is 14.00, 17% from the current price 11.90. Stoploss is at 11.30(-5%).
I will be aware of the volume divergence on the uptrend since mid Aug2018.
PTT : Long postion after H&S breakout at 53.00 PTT : Long position after H&S breakout at 53.00
If you either believe the H&S pattern or the resistance breakout with significant volume, you will definitely buy long position for PTT.
I buy long position at 53.25 and feel aware of the black swan event in case it happens.
SET short opportunityThe SET index went up above 1750 to ~1760 but then closed below 1750 on the same day. This 1750 is significant as it is the current 61.8% fibonacci retracement on the downtrend pattern.
Daily chart now showing a doji price action and assuming the current rebound from 1600 is a B wave, I am expecting a sell-off for today (the 20th Sep).
LONG SET:PORT High upsides re Fibo Retracement and Volume ProfilAccording to Fibonacci Retracement , the current price is close to 23.6% fibo level which can be seen as a strong support. And the targets are as the next fibo levels.
And according to the Volume Profile , we can see that it goes along with the Fibo Retracement analysis above. The bottom level of value area is close to the fibo level of 23.6%.
And one more thing, Stochastic RSI just crossed up.
Therefore, there is high probability that the price could go up. If you buy the stock at 7.05, your stop loss level could be 6.85, 6.50 and 6.30, while the take profit level could be 7.40, 7.75 and 8.10.
SET:PORT High upsides re Fibo Retracement and Volume ProfileAccording to Fibonacci Retracement, the current price is close to 23.6% fibo level which can be seen as a strong support. And the targets are as the next fibo levels.
And according to the Volume Profile, we can see that it goes along with the Fibo Retracement analysis above. The bottom level of value area is close to the fibo level of 23.6%.
And one more thing, Stochastic RSI just crossed up.
Therefore, there is high probability that the price could go up. If you buy the stock at 7.05, your stop loss level could be 6.85, 6.50 and 6.30, while the take profit level could be 7.40, 7.75 and 8.10.
Thai SET Index - forming Ascending Triangle - Soon to break out?Hi guys,
I think Thai SET Index is forming the ascending triangle pattern, which I think might move in the side way for awhile before breaking out.
Please let me know what you think.
Note: This is just my personal opinion, not a financial advise.
Time to turn on the POWER!With the current state of cryptoland, this coin should get a decent pump!
Fundamentally solid, and with a sligly undervalued marketcap I believe.
Fundamental
So yesterday we got some good news from PowerLedger.
Thai-Government backed BCPG agreement!
That's substansial and should increase the hype. It's a new coin, and there is a lot of speculation money flying around now. That's what I think could equal increasing demand for the short term.
POWR is a little difficult to fundamentally judge. It's very techie.
However, I like the team and it definetly looks like they are doing a lot of work and have some important connections.
That's enough for me to invest for the short-mid term. I see a good risk/reward ratio.
But I would recommend small percentage of portfolio.
Technical
You may know that I don't like to draw on BTC parings. If there is no USD pair I tend to go much more on the fundamentals.
However, I have added on some fib levels to where I think we could face some resistance. And the pitchfork is always nice to follow for support levels.
My target for this trade is around 16900 SAT.
I have added it to my Portfolio-Spreadsheet .
Where you can follow what changes I make in my hodlings.