Analysis on SET Index

- Overall, SET index is in the sideway stage between 1500-1700.
- The chart for the first time in this year can break downtrend line.
- Most likely, it will reach 1575 but then
that will be decisive level whether it can go to 1700 or not.

Trader Apprentice P.

Note

Currently it is at the main support level 1500 and it did not even drop below 1490 (previous low)

Subjective view:
it wont break down and will go up to test 1525 in the next week.
if break 1525, it will retest at 1550 - 1555 again and be the pivot point if it is gonna go up or down.

Note

tO UPDATE, IT BROKE DOWN.

BUT IT IS THE SIGN FOR INVESTORS AND TRADERS NOT TO OPEN LONG.
NOT THE PLACE TO SHORT SELL.

REASONS BEING THAT THE STOCKS MOVING THE MARKET IS ACTUALLY J-FAMILY AND POWER PLANT STOCKS WHERE THE ACTUAL BIG CAP REMAIN SOLID.

SO PERSONALLY, JUST WAIT UNTIL IT DOES REVERSAL AND THEN LONG

QuanTechTraderPP

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QuanTechTraderPP