GPSC We can see that GPSC is correlated with US10Y.
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US10Y is at a peak level of 5.00% , And with a possible of retracement to 50% Equilibrium of the highest and the lowest of US10Y which is at 2.680% (as of1 Aug 22)
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With this information we can target GPSC at the same level of 1 Aug 22 which is 71 Baht.
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Entry around this level will possibly gain around 65%.
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🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice
🧅JUST AN OPINION OF THE ONION.🧅
GPSC trade ideas
GPSC | Wave Projection | Bullish Dragon Flag SetupPrice action and chart pattern trading setup
> Bullish Dragon pattern in correction wave A, possible reversal for uptrend wave B
> Entry @breakout channel dragon ridge
> Target @ 0.618 retracement of previous top SMA200 zone
> Stoploss at the low A position - RRR: 2:1 downside -7%
Indicator:
> MACD bullish divergence signal crossing up baseline 0.
GPSC and TD Sell Setup not Break TDST L.GPSC is still moving in downtrend although it rebounded during previous weeks. However, it's interesting when TD sell setup is counted and unable to break TDST Level. That's supposed the stock is still moving in the same trend. The previous low is expected as the target price while another side of wave line is applied for stop loss. Enjoy your trading.
GPSC | Possible Bullish Dragon Harmonic PatternPrice action and chart pattern trading setup
> possible upcoming bullish dragon harmonic pattern
> recommended entry at falling wedge breakout
> 1st target at 0.618 Fibonacci retracement at dragon hump zone near volume profile key resistance
> 2nd target at dragon head zone for medium term trading
> 3rd runtrend for dragon tailswing above 1.0.
> stoploss at dragon front feet near the lowest candlestick
> risk reward ratio 3:1 for medium-term trade
Indicator:
> bullish RSI above MA line approaching 50 for a strong uptrend signal
> MACD golden crossed signal line just below baseline 0 - improving in momentum
always trade with affordable risk and respect your stoploss
GPSC still moving downward and close to point of rebound.Since we forecast the pivot point at peak GPSC would going down for correction and at 38.2 level expecting to rebound and then move downward again. If not rebound at the point expected. We suggest keep on put side and TP at the edge of bottom line of channe.