EA trade ideas
Hey ! This Thailand stock is so interesting !Hey ! This Thailand stock is so interesting !
Via trading or mid-term investing, it's both valuable to action.
This stock company name is Absolute Energy, stock quote is " EA "
This company provide Electricity Energy with a clean energy.
This company makes a profit every year and pays dividend yields around 2% per year. (at price 24.00 THB per share)
For more info on EA stock, financial, and major shareholders please visite www.set.or.th website.
And here below is my view.
EA | Wave Analysis | Short Position - 3.C wave correction -25%Price action and chart pattern trading:
> A possible 3.C wave correction position - pullback entry at EMA20 zone - Target EMA200W / Fibo 0.5 retracement previous major 1 wave zone -25% downside - Stoploss @ wave 3.b position -10-12%
> Fundflow RSI tapping oversold zone but no bullish divergence signal
> BBD below 0 baseline potential lower price trending
> KDJ Stochastic downtrend ribbon continued
EA and the long term trading.EA might rally beyond our expectation. I made the trade setup a few day ago with many trading plan and various time frame analysis. The follow is the conclusion of my plan. I made the entry after it broke out the trend line. However, if you explore their financial information, you will not be doubt why it can fly further than my expected first TP.
Energy group is back, ride along the positive waveThesis
The sentiment still remain negative as a whole, but the energy sector should perform well in its Q1 with the WFH policy. The energy sector should be volatile with its earning coming up giving a good opportunity for following the rally.
Game Plan
The momentum is back with a positive trend as a support cushion.
Just want to remind you before buying EA at this priceBe careful, EA just reach the weekly resistance.
The stock is still in the downtrend.
Buying here would give you bad winning chance ( and risk reward also ) . So ,if you don’t have a better reason than me (maybe you have some fundamental reasons or insider news) , I do not recommend to buy it here.