Hi everyone, looking at GBPTHB, we may see that GBP formed nice candle patter to the upside, also it's at 16 years low from where we should see a pullback at least to 50 fib. As brexit, covid drives markets, loots of people will seek holidays in warm countries once allowed, and as Thailand is beloved by Brits, we may see a skyrocket in the price of thb. This...
BANPU long position. Stock currently above VWAP from March slow and swing high earlier this year. Wyckoff bottom position. High potential for stock to run past current take profit due to heavy volume consolidation at the bottom. Stock currently above flat 200 day moving average and inclining 50 and 5 day EMA.
SET: BEC Long thesis. Wyckoff Bottoming + Breakout on volume over 200day EMA. Possibly wait for retest or enter feeler trade
As the drivers of exports and tourism continue to be missing in action, the negative GDP growth trend is here to stay for the rest of the year, and perhaps beyond. Rising political uncertainty is another reason why we expect the Thai baht to remain one of Asia's weakest currencies over the remainder of the year. 🦠 Thailand has been one of Asia’s Covid-19 success...
Long all-in on SCCC. Good support on the bullish trendline, chance to break out of the long-term down trend at 180, when MA 50 crosses MA 200. Strong resistance at 180, re-evaluate then. Personally holding at 142.
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
BEM's initial drop due to traffic dropping 20% as a result of COVID. As a business, it is highly sustainable (rights to collect highway tolls and metro fees after build), with a big opportunity to grow as the country develops. Long.
CKP looks to break out of bearish trendline with strong support if it breaks out above 4.74.
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 $$$ :)
EGCO looks to break out from the bearish trend line at 270.
It stands above MVAVG after 50% pullback from the previous peak. Good momentum.
Having lived in Thailand for 7 years I frequently watch the Thai Baht exchange rate. Since I left in 2010 and before the THB has strengthened against the GBP. At one time I was getting BAHT to the GBP now its exactly half that. My contacts in Thailand are telling me Thailand is suffering as a consequence of Covid-19 hitting the tourism sector hard and the economy...
USDTHB Potential Bullish Movement we are waiting for a momentum candle close above 32.870 to buy this one Reason: 1- Divergence on MACD (in red) 2- Objective Wedge (in blue) 3- Double Bottom (in purple) Three confluences are enough to consider Buying USDTHB, after a break below 32.870 (in gray) *unless price broke below our double bottom pattern (purple...
Uptrend signal is incoming to TMB, after the prices solidly down for so long. If prices can reach more than 1.67 - 1.70, It will be significantly upped.
The priceline of USDTHB is moving within an Up channel and hits at the channel's support. The MACD is turning bullish. RSI is oversold. Stochastic is oversold and gave bull cross. The sell targets are as below: Short between: 30.912 to 30.966 Regards, Atif Akbar (moon333)