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).
Thaistocks
MBK - Buying at supporting lineThough a stop loss triggered after price failed below the speed line in 3rd box, buying this stock at supporting line (low retest with low volume) for the long haul could exist.
21.0 may be the stop loss of the long run strategy.
GPSC - Flag Pattern BreakoutTarget is at least 100% projection and hit the stop loss if it goes back to the channel.
KBANK returns?After the price substantially dropped since the first quarter of 2019 after falling to 130.00 in November. The chart represents return signals are coming in December, the price has moderately increased to reach 151.00 with the high volumes at the same time. The uptrend is coming probably?
SAWAD inverted H&SSAWAD inverted H&S marked up 10THB and hope this breakout results at least 10THB mark up as previous.
[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!
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.
For more of my analysis, please check out www.anthonylaurence.wordpress.com
BWG is not a big shot to buy now Many of traders may entry long today because of rising price with volume support and breaking down trend line, but if we take a look in time frame week using Elliott wave pattern, it is forming corrective wave IV of next degree wave I. Waiting a bit longer until the next degree wave III come will be better position.
please consider before making decison
thanks
--Doctor Way play stock--
Is PIMO coming again to end wave 5 ? The confirmation of wave V is when the price break last highest price (4.5) with momentum indicator support, unless it will trabsform to complex-corrective wave IV.
The conservative target price should be 61.8% or 100%(common) fibonacci retracement of wave I; according to rule of Elliott wave that "wave III always not be the shortest wave"
please consider before making the decision...
any ideas feel free to share
thanks.
--Doctor Way play stock--
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.
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.
SAWAD : Long position after H&S breakout with gap 37.25 to 39.00H&S Pattern breakout with gap is a high demand drive. I found this stock too late so just wait and see the target price with Fibonacci projection. Just wondering the Fibonacci extension is not significant to this price chart.
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.
Long position until the rising wedge happens.High retest at 9.20 with 30MM and 28MM volume which already has a little pullback.
For weekly chart, long green candle and tiny red candle shows obviously.
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.
SET: BPP - Nice Risk Reward RatioRegarding Volume Profile, you will see that the current price is at the POC and close to the support and far from the resistance which generates nice risk reward ratio.
In the next few weeks or month, this SET:BPP stock might rise to the resistance.
