GPSC We can see that GPSC is correlated with US10Y.
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US10Y is at a peak level of 5.00% , And with a possible of retracement to 50% Equilibrium of the highest and the lowest of US10Y which is at 2.680% (as of1 Aug 22)
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With this information we can target GPSC at the same level of 1 Aug 22 which is 71 Baht.
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Entry around this level will possibly gain around 65%.
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🧅Disclaimer :There are risks associated with investing in securities. Investing in stocks, bonds, exchange traded funds, mutual funds, and money market funds involve risk of loss. Loss of principal is possible. Some high risk investments may use leverage, which will accentuate gains & losses. Foreign investing involves special risks, including a greater volatility and political, economic and currency risks and differences in accounting methods. This is Not Financial Advice
🧅JUST AN OPINION OF THE ONION.🧅
BGRIM
BGRIM | Elliott Wave Analysis - Leading Diagonal Cup HandlePrice action and chart pattern trading
> Cup & Handle pattern with a leading diagonal wave forming the cup handle, possibly iv-wave correction targeting EMA70 slightly below the lower channel support
> Expecting a candlestick tight formation for reversal pattern formation before entering a long entry.
> The target 3-wave confirmation should break out the upper channel resistance.
> The final target of cup & handle at 2.618 extension zone
BGRIM| Wave Projection - Corrective ABC Ending DiagonalPrice action and chart pattern trading setup
> Wave projection - corrective ABC ending diagonal Wave 4 at 0.5 - 0.618 of wave A, ranging from 36-41 baht.
> Final wave 5 to complete Wave C projected at 0.786 - 1.0 of Wave A, 23 - 30 baht range.
> Entry @ Falling Wedge breakout after completing wave C
> Target at Wave B position
> Stoploss at wave C lowest position
Always trade with affordable risk and respect your stoploss