- Expecting price to reverse and go up for the white wave (c) of the red wave B.
- I counted a completed ABC correction as the red wave b. - I do expect price to continue to the upside for the red wave c. - First resistant is around 75.
- Expect price to do another ABC correction in this non-standard correction (ABCXABC)
Interesting set up - let's see if it continues to hold inside this upwards channel. Entry- 22.2baht Take profit- 26baht Stop loss - 20.5 baht
TGPRO buy on technical (MACD crossover weekly) Book Value is only at 0.44. With rumors of the company going into the cannabis business, investors will be interested to support the long term business. CMPR% as of today is over 1700%. Buy. First Target 0.72.
Long SCC, strong support, accelerated upside with MA 50 crossing MA 200. Resistance at 405, after that it's takeoff.
- We can easily spotted a Zigzag correction on the chart - Intermediate (A)(B)(C) - Intermediate (C) seems to be a 5th wave failure pattern, where price should retrace back to at least 100% of the whole wave (@51) - TP no.2 is set at @71 - 61% retracement of the Intermediate Zigzag pattern. - There is a possibility that we can see a new high in this bull run, but...
SCB is relatively stronger than SET with very low retracement level, it could has continue with another bull wave the plan is to buy when the price Break at the Yellow line (126.50) and stop loss at the Red line (124.50) its first target price is at the Blue line (138.50) sell 1/2 of the amount, the rest keep riding with the EMA10 or EMA20 depends on your preference.
"A company without any debts cannot go bankrupt." At the worst point for the retail/personal care products, the management team has managed to turn a profit in the first half of 2021, mainly targeting The Philippines. VWAP lies at about 32THB. There is room for growth yet with DDD with multiple brands and markets, especially with the pent up demand from China....
- I am expecting a non-standard correciton (ABCXABC pattern), in which PRIMARY wave has just ended and we are forming PRIMARY wave of the second ABC of the non-standard correction. - There is a strong resistance at 77.75.
- There is a chance that the Cycle Wave III is a non-standard correction (ABCXABC), where the current Primary wave may be a triangle. - If prices break the downward trend, then this Cycle Wave III is more likely to be an impulse wave.
- CYCLE ABC pattern where the CYCLE WAVE B seems to be a strong b + c-failure pattern. This shows us that we can expect an aggressive thrust of the CYCLE WAVE C pattern with strong resistant at the given level on the chart. - INTERMEDIATE WAVE (B) of CYCLE WAVE B seems to be a non-standard correction with a hidden wave (X).
- The first minute pattern was a zz truncate (July 7 - Aug 16). Hence, we have a TP for the second leg of 81% of the first zz truncate pattern (@2.56). - Note: Minute wave of the first zz truncate seems to be a non-standard correction with the last ABC also being a zz truncate. However; price did not retract back to 61.8%/81% of this wave. Since history tends...
- Downtrend pattern: non-standard correction (ABCXABC), which according to Elliot Wave Theory should retrace back to at least 61.8% of the last ABC. (@0.47) - Wait to enter after a nice retracement.
I continue to accumulate in weakness because I am a long term holder. Strong balance sheet and they continually pay dividends. (twice a year) To me it looks like it has broken out of its long term downtrend and is now creating a new base before moving higher. I'm using this graph to track price movements, could be some nice trade set ups. CPF sticks to its range.
Kerry Express has increased its deliveries by over 15 million packages (nearly 11%) over the same half year period as last year's, as well as reducing the costs (although the price per package fell too, resulting in reduction of gross profit - perhaps from falling consumer purchasing power in Q2). Future expansions include Kerry Cool Express (cold chain delivery)...
- Still ongoing downtrend in minor wave c. - Confirmation of the end of wave c when the 0-B trendline is broken.
Non-standard Correction - ABCXABC in the downtrend - There is a high probability that price will go down further to complete another ABC following the Intermediate Wave (X).