WICE is going up to test EMA25 for a new round.Support 3.28 , stop loss 3.20
from this day graph, rsi and momentum have shown divergent trend since new year, with the latest long lower wig with almost all are negative delta values with ask imbalance on the side.
IMO, 3 positive deltas make it not that bull, but overall chance will be going up anyway.
WICE trade ideas
Wice breaks a down trend line.WICE can break a down trend line with a higher low. So, we can set a trading strategy as LONG position and set a target at the resistance level around 9 THB.
Moreover, if it can break 9 THB, we can expect a target profit by using a combination between FIBO extension and Fixed range analysis. These two methods can give us a resistance level of price to be set as a target profit.
Wice is one stock with strong fundamental support. SET:WICE
Wice is one of my favorite stocks which has profit over Covids19 and still keep in the strong trend in price until hit new ATH at 14.00 baht.
The Fibonacci extension target will be 14.7 and next 15.9.
However the price is going up around 100% this year, please consider to invest.