PLANB trade ideas
PLANB | Elliott Wave Projection - Leading Diagonal 5-WavePrice action and chart pattern trading
> Wave projection - Leading diagonal pattern with a possible 5-wave uptrend
> Entry @ pullback and breakout downtrend line wave 2 and wave 4 near lower support of uptrend wave channel.
> Target @ previous primary wave 3 | 0.786 - 1.0 zone +30% upside
> Stoploss @ upcoming wave 3 and upcoming wave 5 zone -10% downside
> Risk reward ratio 2:1
Always trade with affordable risk and respect your stoploss
20190627 PLANB set a new all-time-highA weekly graph of PLANB today set an all-time-high price of 7.70 passing over the previous one of 7.60 reached several years ago. The CC59 counting currently at +5 candle. Although investors with "trading the nine" plan are waiting to take profit when the counting reaches +9, this new uptrend can also be trailed to end when the candle make a price level lower than that of its immediate neighbor on the left.
20181228 Case study of trading the 9 in SET:PLANB weekly graph.
With use of Graph Reader Pro 4.0 for TradingView, trading opportunities in a Thai advertising company SET:PLANB are easily spotted in a weekly graph. Price movements of PLANB have been in "Lightning" patterns as shown as green arrow paths in the picture. When the CC59 counting progress up to -9 or +9, price reversals tend to follow. A count to -9 suggests an opportunity to buy PLANB itself or its corresponding CALL derivative warrants (if available in the market). On the other hand, a count to +9 suggests an opportunity to buy PUT derivative warrants referencing PLANB's price (if available in the market).