This shape usually have a higher chance to break lower than to break higher. But its the good indicator to see wether it will confirm the breakout or it will go down to retest first. I’m ok with both. I already have tons of stocks which I bought at the very low price, and I still have cash to buy the discounted good companies.
The graph lays the projection for the next support zone.
Overvalued stock due to Thai tourism being destroyed with Corona Virus and silly priced valuations. But worth a buy when the corona virus situation is at it's worst/making a turn around.
The price is above the both moving average. There is a higher high with higher low. Many big-cap stocks have already shown the reversal signal. This could be a good short term technical buying point for some stock that have good risk/reward.
This is the hourly graph of SET. The price had reached resistance. Higher chance to do a gap down especially if it breaks 895 which is a new low.
AMANAH has a long breakout story. Because of the good fundamental performance, AMANAH still has a big space for moving up. So, if it breaks high with volume - BUY Although the win/loss percentage is very indecisive, risk-reward is good. Stop-loss suggestion tight- 3.50 loose- 3.36
Stack did a small breakout with volume. Now should be moving to the new trend line. Green day after drawing back to both MV. AVG 12 and the trend line is a good buying point. Easy stop-loss position - 2.20 on the trend bottom.