Analysis on SET INDEX: Time to BetHey yo,
Today, SET index create the very strong rejection bar.
As a result, the overall momentum become upward despite being downtrend.
As i analyzed down into the smaller timeframe,
I think how they would behave can be decided into 2 cases.
First, can stay above 1095, it would likely hit the 1
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Analysis on SET INDEX: Time to bet (Continued)Dear All
Continued from the previous post,
It seem to choose to come down first before rising up.
So now, it is easy to plan the trade, as long as
There is buying flow coming around 1063 1053 // that would be the best point to buy.
But if broken, the long bias set up will become incorrect and cut
SET's 4th time RSI(50m)< 30 since it's inceptionEvery time the SET Index enters the RSI "red zone" (oversold territory), the long-term outcome has consistently been positive. Historically, the following 8–10 years have delivered strong returns, with some bull markets reaching over 15% annually.
The duration of time spent in this red zone has al
SET : Short term support & resistanceAs shown in the chart, the stock is currently trading between well-defined support and resistance levels on the weekly timeframe. The long-term support zone aligns with the historical low established during the last major market crisis, which has been retested recently. This confluence suggests a st
SET : Perfectly hit the crisis support The SET Index has precisely reached a historically significant support level—one that has consistently held during every major financial crisis in Thailand's history. Should the current monthly candlestick hold above this level without breaking lower, it may signal the potential for a rebound.
In t
Analysis on SET INDEX: Major & Minor SupportDear ALL
it is vividly downtrend, with down momentum.
However, it entered the multiple support zones
These levels should be use as sup and resistance
---------- 1187 ----------
*****Now SET is here****
---------- 1173 ----------
---------- 1156 ----------
if 1156 down, it would be 1000 //
B
Analysis on SET INDEX: Still 50 50Dear All
As you can see, on Thursday 1270 is broken down.
this is a very bearish sign.
However, on Friday, it is also highly rejected at this level.
So, no clear decision is to be made of.
range 1250- 1290 is the sideway where you should follow if any is broken.
Best of luck
TraderPP
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Displays a symbol's price movements over previous years to identify recurring trends.