Is SIS going up? How far?SIS is currently around a major support level, shown as the yellow dashed line. In my opinion, it is still likely to bounce off this level and test the next resistance.
This is supported by a strong and robust volume profile, which, for me, is a sign of potential upward movement.
However, SET sentiment and the Thai economy remain weak, and the major trend for SIS is still downward. Therefore, I don’t expect SIS to go too far.
SIS trade ideas
SIS is Going Up as Predicted—But How Far?
Today, SIS formed a green candle with a short upper wig. The Point of Control (POC) has moved higher, but with negative delta value (-126.5K), -> suggesting that sellers are still active despite the upward movement.
IMO, the uptrend is still in its way, but the question is how far will it go?