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knot.narongwit

SPRC : Wait for open long postion at clustering retracement.

STAR PETROLEUM REFINING PLC (SET:SPRC)  
knot.narongwit Updated   
SET:SPRC   STAR PETROLEUM REFINING PLC
Trend Analysis thailand thaistocks
3
0
trendanalysis thailand thaistocks
SPRC performs a higher low in mid Oct19, and higher high in Jan20. Likewise, this retraces 78.6 in mid Oct19, and foresee to repeat as sub-wave2 at61.8/78.6 clustering line (9.00THB).
Comment:
Close half of position.
Wait to see at next support 8.20 whether there is a reversal.
Improvement: Buying at support should have had reversal candles first.
Trade closed: stop reached:
Closed another half at 7.90
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