SET trade ideas
SET INDEX should it rebound?Today SET Index drops to its 50 day SMA and Fibo at 1341. If this support is strong, SET should rebound this afternoon or next week.
Yet, again I ask myself the question; where is SET going?SET has been consolidating now for a while, hope you haven’t been greedy and has taken out your short term profits, since early June.
So what happened today?
Did SET fool traders, with a false breakout, or is it simply retesting the breakout? Well, if we tomorrow get a Gap and Go, it could be a bullish ride worth to follow for, a while.
If today’s pattern of a Bearish Engulfing is confirmed by SET tomorrow, then I hope all traders out there, do use a stop-loss to protect their losses.
Happy trading!
SET : Keep eyes on RED BOX if break up/down , Follow trendSET: Keep eyes on RED BOX (1335-1380) if break up/down, Follow the trend
SET Shopping timeIt's shopping time! This week is the week of opportunity!
After COVID19 Sell on March.
MACD histogram has increase (more +) (red -> pale red)
MACD & Signal start to rise from -0 (sub zero)
This week the pattern is similar to that month.
The Different is MACD is +0
My strategy is buy any stock you like with uptrend, strong fundamental.
Dont't forget to stop loss trader.
:))))))))))))))))))))
Major South East Asia Equity IndicesShowing year-to-date performance of the major Asia equity stock indices
SET Elliott Wave CountI hope all is doing great! I will share my Elliott Wave count with you and it can be a sign of bigger moves will be infront of us.
Even though, my primary target has been to go much further down south to close gaps SET has left behind, since the March lows. I have stated to question this, at least for the near term trend but as the wave count says, when the correction is finished with, only the future knows in which direction it will take
Here is a bullish view at SET. And how that could be played.Here is my setup for those of you who believs we are still in phase 2 and will continue up north. Have a look what happened last time SET touched ema40, will next time have the same affect? If you are a bull, then you should go for it. Very similar to my bearish setup. So its all about what you belive will happen
Here is a bearish view at SET. And how that could be played.Those who believe SET has entered phase 4, then the direction is down south. I am ready to follow the pennant flag pattern, with a target of 1230-ish, and that number coincides with the bottom of, what I call, the "covid-panic-island" which should offer some suppport so could be a good place to lock in some profits.
SET View of last week of june2020Sideway trend stil end of month. However, next month is likely to be an uptrend, but not more than 1450.
Let's see if SET will choose a direction today, up or down.I am guessing that most traders believe that today will be a red day, after BoT decision over Thai banks, and who knows if other sectors will follow because have many been able to make any profits, for interim dividends and buybacks?
In the graph there I don't see anything saying, up or down, but I see that a big move is too come quite soon.
The day is still upwards looking, and in 30 min (shown here) is showing that it has been collected power, for a few days. Not in what direction it will go, though.
If we go in the daily graph, and expects SET to follow the trend. Then go bullish today, as there will probably be good “buy low” setups you can find.
Or if you believe the BoT decision will be what stopped the bullish retraction in the bigger downwards trend. Then look for good selling opportunities.
Whatever you believe, it is often much smarter to wait for the market to decide for itself, so my recommendation would be to wait, at least 30-60 minutes before you make you decision.
SET islandThere is an island reveral pattern. Short SET for TF day
TF wk is still uptrend with pullback pattern
Where is SET going??SET is building up power to, either go bullish or collect more strength further down south. In a purely technical sense I am neutral, until it has closed in either direction of the last 5 days triangle pattern. Although the market has shown that the underlying sentiment is bullish. So my primary target is therefore, to go in the northern direction, to at first test the last highs around to 1450. If it is not happy with where it’s at now and needs to go further down south, then I see a couple of targets on the downside. First is at the long-term support around 1315 and secondly to test the gap island (from the Covid panic fall), around 1250-1300, I can also find FIB.618 at 1285 so just in the middle of my first target south of where SET is at now.
SET 15/6/20 where to go next?SET:SET
STOP LOSS at lower 1341,If Set mean to turn will pass 1375 . Not 100% Sure
IF Not STOP SET MAY Lower to 1283
SET View of the second half of Junei think "SET" above fibo50% than back down below that "bull trap"
Set: Thailand forecastingSet is going down to new low but should take around 3 months before doing that. This is just my idea. Let ‘s see what gonna happen.
SET 2020 outlook, go Long until OctoberAfter SET broke out north of the bearish wedge, I have revalued my earlier future strategy and predicted where SET will top this “going-to-the-stars” run, it will be around 1730 – 1800. Would also predict this will occur in or around November, December +/- 1 month.
So if my predictions are correct then follow the trend and continue to be on the buyer's side, at least until October or so. Then it will be (according to my prediction) time for investors start to realize, what has been built, is only a sand castle on the beach. And the tide has now changed —the second— wave is coming, it will demolish what has been built since late March. And we (read: buyers) have to wait until the tides change again, before reconstructing our castle and will hopefully stay a bit further away from the ocean so the tides won't demolish it again.
SET - long-term positive trendSET index has finished a corrective 3-wave intermediate pattern that retraced around 50% and reached the fourth wave level of two lower degrees, which is a typical end of corrections. It is now finishing to trace intermediate wave 1 or A. We may see a smaller correction that should end at 1,200 - 1,250 range before the uptrend continues. FOLLOW SKYLINEPRO TO GET UPDATES.
My future thoughts of where SET is headingWe are currently in a bearish wedge, which normally is followed by a run down south. Although, the times it occurs in the opposite direction it is often a very strong and powerful run up north.
I am bearish, due to the fact of the wedge and the falling resistance, from July 2019. And also that we have consolidated for about a month, by the "covid-panic-island" and the resistance will be by the Evening Star, with two strong gaps, I have hard time seeing that SET will have the power to move much further up north, away from that area.
I have to say; these are interesting times.
