As SET has been unable to go past north of the falling channel resistance. Be ready for more on the downside. I am still waiting for a long-term signal to open up any Long trades. Am now waiting for the 1250 to have its saying, although do not believe it will hold. If SET doesn't manage to keep from going through the long-term support and resistance, with...
BCPG is currently in the weak momentum for both TF day and TF week. The idea is to Short when it's Breakdown the yellow line. the first target price is at the Blue line Cutloss when it goes againt Short at 15.40
DJI has a negative divergence and is losing strength, since the March rally began. Blue line is SET, in comparison, which has already begun to lose its momentum.
Hope all has been able to cut your Long trades, while still with profit! As SET shows the bears has taken over at lower and lower prices, even though it took a bit longer than I anticipated SET turned by the falling resistance. So what is interesting now, is if we get the “buy the dip” opportunity I was looking for in my last published analysis. As we’re...
AWC have a Really bad time at its fundamental (hotels and tourism) and on its way in Mark down phase. The idea is to wait for the breakdown for shorting at 3.70 with the small stoploss at 3.82 its first target price is at its old bottom of the cup around 3.20
ACE is long way for the uptrend and now ready to goes down. The stock came to its New Year Resistance and have a very hard time to pass through this wall. With the Bearish Divergence, Multiple fault Big Volume breakouts and the Weak Momentum in Week graph, the stock could goes down for awhile. The idea is to just short arond here and stoploss at 3.82 /OR/ ...
SET is still in a very hard sideway and ready for the explosive Up or Down trend. The idea is to waiting for the breakout of either way and if the retrace isn't getting back to the old sideway range. That's the real good time for the Huge $$$ :)
We've got a turtle soup pattern AND Friday closed with a --close to perfect-- bullish shaved top candle. And all of this went down, and changed power around the support resistance, I have been mentioning for so long, 1315. Bullish shaved top candles, is most often followed by a smaller pullback in the next candle or coming coming candles. But it is a very...
Hello traders out there! We can now see the full force of the bearish engulfing, the 22nd of July, I hope everyone with active SET trades has protected them, with a stop-loss, or taken out profits since then. If the slow shielded animal (more explanation about the phrase later) won’t give protection to SET I can still see nice turning points. Mainly due to...
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.
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...
It'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...
Recently I have finished reading "New trading for a living" by Dr.Alexander Elder. In the chart I see bullish reversal pattern similar in the book -MACD-Histogram/MACD signal Bullish reversal -False Break at 105.5 -The price pull back to the resistance line 107.5 -Increase volume Actually the ideal price for buy is 105.5-107.5 But I see the chart today so...
I 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...
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
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.