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THAILAND SET: PTTGC - SPECULATIVE BUY TP1 - 67.50 STOPLOSS 63.00THAILAND SET: PETROCHEMICAL SECTOR | PTTGC CURRENT PRICE: 64.50 BREAK OUT VOLUME POINT OF CONTROL: 63.00 and previous high Reasonably good buy position for speculative TARGET PRICE 1 @ 67.50 (5.4%) at mini Wave 5 position. Stop Loss: 63.00 (current POC) >Strong Foreign fund flow (NVDR) - hit the highest daily chart at +450 mil baht / day >Strong Banker fund flow >RSI almost hit overbought, still have room to go further RECENT NEWS UPDATE: PTTGC announces the end of the share repurchase program, totalling 22.30 million shares, receiving 1.35 billion baht. To increase financial liquidity
SET:PTTGCLong
by dukeposh
THAILAND SET: SABUY - SPECULATIVE BUY - TP 14.5 - 15.0NEW TP2 POSITION - WAVE 5. Take profit Position - Target Price 1 - reached 12.0 after breaking out resistance 1.618 (10.65) and sustained above the level while overall THAILAND SET index declined lower than 1600 on Oct 1st. > Current price broke lower EMA20 - take profit position. > Overall BANKER FUND FLOW decreasing. > RSI near oversold position. > Possible 2nd TARGET BUY POSITION - 10.7 when fund flow turned positive, oversold, and double bottom in timeframe 1 HOUR. > NEW TP2 AT WAVE 5 - 14.5 - 15.0
SET:SABUYLong
by dukeposh
MENA (TH) - Elliot Wave Analysis- The first minute pattern was a zz truncate (July 7 - Aug 16). Hence, we have a TP for the second leg of 81% of the first zz truncate pattern (@2.56). - Note: Minute wave of the first zz truncate seems to be a non-standard correction with the last ABC also being a zz truncate. However; price did not retract back to 61.8%/81% of this wave. Since history tends to repeat itself, we might need to keep in mind that this time our TP of 81% might not be reached.
SET:MENALong
by suphaveerk