SCB and Bank Trend and Thailand Economy TrendSCB and Bank Trend and Thailand Economy Trend, This is not investment advice this is just for case study
SCB trade ideas
SCB Bank of thailand up side trends The financial situation in Thailand is waiting for a big economic stimulus from this government and the tendency to have a policy interest rate from the Bank of Thailand, causing the banking group to rise again even though the price has increased by 10% before and there are still opportunities ahead.
TURN BY TURN (THAI STOCKS) w/SPECIAL GUEST SARA HOHLER Today's Show: Exploring Thai Stocks with Special Guests Moneymagnatesara & Moneymagnateaira
In today's episode, we dive into the world of Thai stocks, featuring insights from our special guests, Moneymagnatesara and Moneymagnateaira. Moneymagnatesara, a Thai/German native, shares her unique consumer perspective on various prominent companies, while Moneymagnateaira keeps us entertained with her singing and commentary. Join us as we discuss the following stocks and their market standings:
PTT Public Company Limited (PTT):
A leading energy and petrochemical company in Thailand, known for its significant role in the petroleum industry, including both upstream and downstream operations (Simply Wall St) (MarketScreener).
Airports of Thailand Public Company Limited (AOT):
The main operator of Thailand's airports, AOT is crucial in managing the country's aviation infrastructure and ensuring the efficiency and growth of its air travel industry.
Advanced Info Service Public Company Limited (ADVANC):
Thailand's largest mobile network operator, ADVANC provides a wide range of telecommunication services, including mobile, broadband, and digital services.
Bangkok Dusit Medical Services (BDMS):
One of the largest private hospital operators in Thailand, BDMS offers comprehensive medical services and is known for its extensive network of hospitals and healthcare facilities.
Siam Commercial Bank (SCB):
As one of Thailand's oldest and largest banks, SCB offers a wide array of financial services, including personal, business, and investment banking.
We agree to have a more in-depth episode with the grown-ups in the future, but for now, enjoy this unique perspective and feel free to ask questions about Thailand to gain an edge in emerging markets.
Tune in for an engaging conversation and insights that could benefit your investment strategies in the Thai market!
SCB | Wave Projection | Pullback Trade @ Bullish Pennant SupportPrice action and chart pattern trading:
> An possible ABC correction scenario with bullish pennant pattern or descending triangle
> The price currently SMA20 crossing below SMA50 with MACD crossing down bearish support indicator
> PULLBACK TRADE @ bullish pennant support level at a further breakdown with local doubled top pattern targeting -4.5% downside to fibonanci 0.786 extension of previous A-wave support level.
> Risk Reward Ratio 3:1
Always trade with affordable risk and respect your stoploss!
SCB | Wave Projection | ABC Target Bullish Pennant +22%Price action and chart pattern trading:
> The price during last few weeks squeezed just under EMA200D with a series of bullish candlestick pattern
> A possible ABC uptrend wave with bullish pennant pattern target +22% at TP3 1.618 fibonanci extension.
> Support @ S1 -7% and S2 -10% downside
> Risk reward ratio: 2:1
> MACD squeezed momentum under the baseline
Always trade with affordable risk and respect your stoploss
SCB is a strong uptrend and could continue with a Bull
SCB is relatively stronger than SET with very low retracement level, it could has continue with another bull wave
the plan is to buy when the price Break at the Yellow line (126.50) and stop loss at the Red line (124.50)
its first target price is at the Blue line (138.50) sell 1/2 of the amount, the rest keep riding with the EMA10 or EMA20 depends on your preference.
SET: a bit more room to go up for bank sector.There is a bit more room to go up for bank sector, target at each fibonacci retracement points especially the 61.80% at around 112.75 with a big gap.
However, performance reflects in stock price, and stock price reflects performance. Let’s see how far it can go.
