RSI 70+, 52 Weeks High, Hotel Stocks are on the reversal trend.
52 WEEKS HIGH + NEAR 70 RSI + HIGH VOLUME SHOULD BE ABLE TO RISE HIGHER
The price movement is very beautiful. The company just acquired the new subsidiary. There’s room for the new uptrend with news to play with.
SYNEX is another stock that has a decent fundamental with nice price movement. The only thing I'm concern about is the price has already moved up a lot from the low. Thus, the upside may be limited.
The business has very nice fundamentals in the very easy-to-understand industry, retail stores. The graph looks pretty decent with room for the upside. All-time high resistance breaking can always be full of surprises. I'm bullish on this stock for a good long term trade.
Recently, many stocks in the Thai's steel industry are doing a bullish price pattern, breaking 52 weeks high. 2S Metal has the best financial strength among all of the others. The price pattern also looks very bullish, both weekly and monthly candles.
The company's historical price has always been bullish since the IPO last year. Although the stock's fundamental is excellent especially in this Covid-19 pandemic, I think the stock is still considered overpriced. But anyway, if the price can break the high, it is very likely that more volume can cause another big run.
ICN is breaking the 52 weeks high. Stock's fundamental is very decent. The company consistently generated high growth in the past 5 years and the stock's price is very fair. The monthly and weekly candles are both bullish with decent volume. Thus, the prospect is good.
Delta this year’s price movement may looks very unique and exciting. But if you look back at the history, many other stocks also performed this price movement as well. I think GL can resemble DELTA. The reason that DELTA can do 10 fold in only one year period is because of market’s high volatility and DELTA size which can attracts more Prop trader and investment...
Gl used 2 years prior from the breakout at 6-7 Baht to reach 60-70 Baht marks. It has a constant high volume all the way up. It has 15% declined with the highest volume a week after the peak. It was the first sell off followed by panic sold off later.
If it can go beyond its all-time high in the first trading day it will reach the virgin price. It's very interesting to see the result.
The stock volume and trend is decent. The only question is whether it can break all-time high resistance and continue this long uptrend or not.