BDMS BDMS: Perfect Entry Point? 🏥📈
Looking at BDMS (Bangkok Dusit Medical Services) - this setup is screaming opportunity! 🔍
The chart is telling us a clear story:
Price just bounced off the long-term uptrend channel support (green line) 💪
Currently trading at 23.5 THB with a perfect rejection at the 23.1 THB support level
RSI at 44.63 shows momentum picking up from oversold conditions 🚀
That yellow arrow pointing up? That's the projected move everyone's watching!
What I'm seeing here is a classic "buy the dip" scenario in a quality healthcare stock. BDMS has formed a solid base at current levels after the recent pullback, and now looks ready to resume its uptrend toward 30-32 THB region 📈
Smart money strategy:
Entry: Current levels around 23.5-23.8 THB look optimal
Target: 30-32 THB (previous resistance zone) = 25-35% potential upside! 💰
Stop loss: Below 22.5 THB to manage risk
Healthcare sector has always been defensive with reliable growth, and BDMS is the premium player in Thailand. This isn't just a technical trade - it's backed by fundamentals too! 👨⚕️
Time to load up before the next leg higher begins! 🔥 #InvestingForFuture
Disclaimer: Just sharing my chart analysis - do your own DD before pulling the trigger 😉
BDMS trade ideas
BDMS | Inverted Head & Shoulders | Entry @ Breakout SetupPrice Action & Chart Pattern Short-term Trading
> Inverted Head & Shoulders
> Entry @ Breakout Setup
> Target at previous high
> Stoploss @ right shoulder
Indicator:
> Banker Smart Money & Banker Chip Volume Support at significant level
> BBD bullish divergence crossed above baseline
> Banker Fundflow uptrend but not overbought
> KDJ ribbon on uptrend above 70
Trading with affordable risk ratio 2:1 for short term trade
Always respect your stoploss
BDMS | Bearish Divergence - Ending Diagonal Limited UpsidePrice action and chart pattern trading
> A Rising Elliott channel pattern with bearish divergence indicating limited upside for ending diagonal
> Minor wave 5 estimated at 1.618 retracement of wave 4 | 28.00 - 29.00 baht zone
> Take profit at the upper resistance zone
Always trade with affordable risk and respect your stoploss
#BDMS - Breakout Alert Rectangle Chart PattenBreakdown of the rectangle chart pattern in BDMS
Bangkok Dusit Medical Services Public Co. Ltd. is dedicated to the health care business. The company operates through two segments: Hospital Operations and Other Businesses. The value is listed on the Stock Exchange of Thailand.
The BDMS price developed a rectangle chart pattern of possible distribution zone, of almost 8 months duration. I do not consider this pattern as a Head and Shoulders, although the volume follow its characteristics, but the closing prices, without bear the wicks in mind, the left shoulder and the head have the same level. Also, the upper boundary acting as strong resistance at 27.3 levels and the lower boundary acting as strong support at 24 levels. Both limits have been tested several times before the breakdown. The price has broken the uptrend line of 1 year and 7 months in addition the price action below the 200-day average.
- A daily close below 23.3 levels, confirms the breakdown of the pattern.
- The possible target price of the chart pattern is at 20.8 levels.
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Note: The entry and exit levels are references according to the principles of classical charting. Each trader must take their own decisions depending on their strategy and risk of entry and exit. These levels do not indicate specific entry and exit prices, only possible changes in the technical price action.