COVID-19 affect that catalyst all WFH gadgets has nearly to an end. COM7 is starting correction period in which it "might" be drawn down to below 20 THB
Price action and chart pattern trading
> Possible making its uptrend to 4-wave of the 1st A-wave correction, expecting a retracement of 0.382 - 0.5 of 3-wave
> EMA100 W and EMA 200 W are the key dynamic support and resistance of the current movement.
> The final 5-wave of A could be retraced back at EMA200 W.
> Wait for daily timeframe reversal pattern near...
Price action and chart pattern trading setup:
> A possible inverted cup&handle pattern ABC correction
> stock price once again testing its support and probably making another pullback one more time
> Target handle pullback @ 0.382 - 0.236 Fibonacci zone
> Target downtrend C wave @ inverted cup&handle breakout @ 0.786 - 1.0 fibonacci extension of A wave
> Stoploss...
Price Action & Chart Pattern Trading
> Estimated Target MINOR ELLIOTT WAVE 5TH based on Fibonacci 1.0 of wave 1 and 1.618 retracement of wave 4 vs the earlier powerful THREE DRIVE HARMONIC PATTERN of MAIN ELLIOTT WAVE 4TH correction
> Reversal pattern INVERTED HEAD & SHOULDERS in day timeframe.
Trade with affordable risk 3:1
Always respect your stoploss
Good Luck
Banana Shop? Studio7? BKK? These are all COM7’s (also some TRUE shop, Samsung, Huawei, I-care). If you look at the chart it is growing every year. The price didn’t fall that much though but it still gives you a decent buying point. I mean the company is growing fast. The managers are smart. The balance sheet shows it all.
Very easy-to-spot entry with low risk.
The company has an excellent fundamental ,and it is giving you a based-on-trend-line entry point.
Buying here would give a very good risk/reward.
