Price action and chart pattern trading:
> An possible ABC correction scenario with bullish pennant pattern or descending triangle
> The price currently SMA20 crossing below SMA50 with MACD crossing down bearish support indicator
> PULLBACK TRADE @ bullish pennant support level at a further breakdown with local doubled top pattern targeting -4.5% downside to...
Price action and chart pattern trading:
> The price during last few weeks squeezed just under EMA200D with a series of bullish candlestick pattern
> A possible ABC uptrend wave with bullish pennant pattern target +22% at TP3 1.618 fibonanci extension.
> Support @ S1 -7% and S2 -10% downside
> Risk reward ratio: 2:1
> MACD squeezed momentum under the...
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.
SCB might be hitting the Fault Breaking out area (Fibo. E.127.2-138.2%). We may create the trade setup with the first target price at 104 and stop loss at 92.
There is a bit more room to go up for bank sector, target at each fibonacci retracement points especially the 61.80% at around 112.75 with a big gap.
However, performance reflects in stock price, and stock price reflects performance. Let’s see how far it can go.
