SET50 INDEX FUTURES IN DOWN TREND #SET50Indicator:
PLF :- No profit chip!
TREND WAVE : In bearish trend (main line is yellow colour, red candle below yellow main line), possible short term pull-back but resistance at trendline.
Thaistocks
BGC Uptrending with volume. Great set-up from BGC. Big Volume breakout at 10.30. Trendlines looking good, look to buy. Target Price at about 12.80-13.00 Exponential Moving Averages upward cross. Fundamentals looking solid.
End of Downturn for BIGBIG Camera seems to have been through it's worst. Online sales seems to be doing much better, although site traffic is still in a downtrend. Now awaiting reopening of tourism which has a lot of pent up demand, while the camera boom 5 years ago seems to have completed its product shelf-life. Granted smartphone sales has taken a lot of the digital camera market, but accessories, travel and action related products as well as demand for visuals in the marketing industry (especially video) will play a big role. Predicting we will see a boom by the Q1 2021.
TKT - Strong UptrendTKT was firstly shown as uptrend in early 2021 which approx 6months accumulation breakout and now 40% higher. However, the big white with 1-year volume float is a significant sign of strong uptrend.
MINT - Strong UptrendAccumulation phase starts in April2020 to Nov2020, a big gap up with 1-year volume float confirms the beginning of uptrend in Nov2020 and later breakout.
1st buy at 24.00 in Nov 2020 ***which actually published the idea on 02Dec2020 on previous post.
2nd buy at 31.00 in Feb 2021 (failed to match position in 2nd accumulation phase)
OSP - Triangle BreakoutOne year forms a triangle and have breakout which enter position at 35.50, and stoploss at 33.50.
Carabao Group PCLResistance at 123.50
Support at 109.50
Big momentum today after earnings report, I expect a small pullback in the days to come, which could serve as an entry point, before moving on up.
Gross margins sitting at 20% which is quite attractive.
MINT - Breakout from 1Y-consolidation rangeMINT - Breakout from 1Y-consolidation range with wide gap up and >200 days volume support.
First target should be 29-30 as same height of previous trading range.
MINT - accumulated phase breakoutPrice was accumulated for 8 months between 16 to 24 THB, then did a huge gap up, and resistance breakout at 24 THB with relatively high volume shown conviction and interest in Nov2020 which provides a significant upside signal. Price threw back to 24 THB as support line in Feb2021 and likely to continue moving in the breakout direction (now 32.50 THB). However, the price is now lack of volume showing the level is not important or that the big traders aren't ready to participate yet.
Long SCI from expected turnaroundSCI has been in a downtrend for the past many years. It hit 2 year highs today closing at THB2.00, very good sign following expected turnaround with new projects (21 MW community electricity plants). Price to Book Value is at 1.00, no target price yet (will update with Q1 results). Good indication for long term as EMA 50 and EMA 200 cross.
DCC LongLong if it can stand on support 2.72-2.76. Market overreaction to a spike of 200 cases in Thailand (which should be easily contained). Technicals and financial statements look good. Target between 3.40-3.72
SUPER growth TP: 1.30-1.40SUPER ENERGY recently increased its total capacity by over 30% with a Solar Farm in Vietnam (550MW), this should drive revenues and future profits proportionally. In the short term, some pressure from a strong Thai Baht. Technically it looks good, cannot fault. Strong resistance at 1.10 and strong support at 1.00-1.05. Long if it breaks through 1.10.
SUPER set for biggest breakout over the past 5 years #SUPERNow SUPER has already broken 5 year of trend line.
SUPER recovered slightly to above EMA 200 weeks successful next target 1.43 ,1.7,2.58 if this is wave 2 the target it will be 4 bath in wave 3
MINT - Long Position - Volume Consolidation - WykcoffDelusional Wykcoss. 3,189,000,000 M Shares tradable.
LONG SCCC. TP:180.00Long all-in on SCCC. Good support on the bullish trendline, chance to break out of the long-term down trend at 180, when MA 50 crosses MA 200. Strong resistance at 180, re-evaluate then. Personally holding at 142.
BCPG is going downBCPG is currently in the weak momentum for both TF day and TF week.
The idea is to Short when it's Breakdown the yellow line.
the first target price is at the Blue line
Cutloss when it goes againt Short at 15.40
Price moves into long term bullish support. Long BEM. TP: 10.50BEM's initial drop due to traffic dropping 20% as a result of COVID. As a business, it is highly sustainable (rights to collect highway tolls and metro fees after build), with a big opportunity to grow as the country develops. Long.
Long CKP if it breaks above 4.74CKP looks to break out of bearish trendline with strong support if it breaks out above 4.74.
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 $$$ :)
