RCL | About to make Grand Supercycle Wave 2: TP 107.50 SL 40.00RCL | Thailand SET Index | Transportation Sector | Possible Wave 2 of Grand Supercycle - TP 107.50 Stop Loss Conservatively 40.00 (EMA200)
First Buy: 44.00
Second Buy: golden cross EMA10
Third Buy: cross up EMA20 or breakout downtrend channel of trade
Key indicators:
> Truly aggressive Banker Share Volume turned green and Smart.
> BBD signal about to cross up 0.
> Smart Money and Bottom
> All-time high BDI index
Setindex
AS.W2 | Cross up Volume Profile POC 13.0 - Follow Buy SignalAS.W2 | Thailand SET Stock Market | Media Sector | Warrant
> Cross up Volume Profile POC 13.0 - Buy Signal, Stoploss EMA35 12.0
> Risk ratio 2.5
> Target Price 16.0 estimated based on recent Inverse Head&Shoulders
AS | Inverse Head & Shoulders Breakout Testing Support NecklineAS | Thailand SET | Media Sector | On-line Gaming
A Breakout Inverse / Reverse H&S Testing Support Neckline - possible go up with new TP 22.5 setup if support failed might drop to EMA100 or EMA200 to complete Elliot Wave correction phase A-B-C position.
> Aggressive Stop Loss 14.0 @EMA50
> Conservative SL 15.0 @Banker Chip / Smart Money Support
CHG | Buy Signal Doubled Bottom @EMA100 TP1 4.00 (+10%), SL 3.50CHG | BUY SIGNAL DOUBLED BOTTOM AT EMA100: 3.66 - Target Price 1 = 4.00 (+10%), Target Price 2 = 4.30 (+18%) Stop Loss = 3.50 (-6%)
> Fibo Ext. estimates target Elliot Wave projection 1,2, and 3 @TP 4.3 (+18%)
> Q321E +321% yoy, +106% qoq from COVID case x3 during 3rd lockdown
> Pattaya health mgt. fee
> Newly launch Heart Center - Samutphrakarn, Rayong
> Upcoming Moderna Vaccine
> Covid Center with CPF and WHA
> Broker Final Target Price at 4.80
BANPU | Crossover EMA10 | Possible Re-entry@EMA20 | TP 15.7 +21%BANPU recent crossover EMA10 due to sudden decline of coal price and China restarting domestic coal production. China" orders "coal mines" to increase production capacity to almost 100 million tons to solve the energy crisis. China orders more than 70 coal mines
> Target Price 1 @ 15.7 based on Elliott wave extension projection.
> Stop Loss EMA50 @ 12.3
> Possible buy zone @ EMA10, EMA20 | 13.5, 12.9 - Buy position @ banker chip fund flow turned positive on day timeframe.
> New Castle Coal Price all time high this week at 270 and declined slightly to 238 still on the rise.
> BANPU.W4, BANPU.W5 trading this week making the stock more attractive.
THAILAND SET: PTTGC - SPECULATIVE BUY TP1 - 67.50 STOPLOSS 63.00THAILAND SET: PETROCHEMICAL SECTOR | PTTGC
CURRENT PRICE: 64.50
BREAK OUT VOLUME POINT OF CONTROL: 63.00 and previous high
Reasonably good buy position for speculative TARGET PRICE 1 @ 67.50 (5.4%) at mini Wave 5 position.
Stop Loss: 63.00 (current POC)
>Strong Foreign fund flow (NVDR) - hit the highest daily chart at +450 mil baht / day
>Strong Banker fund flow
>RSI almost hit overbought, still have room to go further
RECENT NEWS UPDATE: PTTGC announces the end of the share repurchase program, totalling 22.30 million shares, receiving 1.35 billion baht. To increase financial liquidity
SET Stock Exchange of ThailandThe Stock Exchange of Thailand is ready to make a last bounce followed by long period of Depression.
The post covid happiness will create a Fomo in Multiples international Indexes with a fake return of Tourism, Medias and Televisions will speak about we are returning to the normality, but this will be a short term joy stage.
Peoples will need some fresh air, they will move overseas for holidays, but the reality is their lack of money will make them spend less and back home faster, they will have to work harder and for years to refill their wallets decently.
The money printer stimulus will generate more taxes out from nowhere in most parts of the World, a new inflation system will come to knock medium and poor peoples doors.
Happy Tr4Ding!
Is it a possible set up for VCP?SET:CPF
1) Higer lower low
2) Lower trade volume
3) EMA20 and 50 above EMA150 and 200
4) Expect a good earning in next Quater!?
Lets wait for next bars!!!
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Long SCI from expected turnaroundSCI has been in a downtrend for the past many years. It hit 2 year highs today closing at THB2.00, very good sign following expected turnaround with new projects (21 MW community electricity plants). Price to Book Value is at 1.00, no target price yet (will update with Q1 results). Good indication for long term as EMA 50 and EMA 200 cross.
NSI (TH) Nam Seng Insurance Analysis We see the lose of momentum a few weeks ago now the sellers gains some control which mean average participants who get involved average cost since prior lower now long holder is not ok they're getting selling pressure and now when the price is getting back to their break-even and lead to further decline on price to level of interest around 77ish and then we will update again
Wave analysis on SET(Thai stock market)As the global economy is expected to recover from COVID-19 pandemic, Thai stock market has also started to gain its strength.
In this post, I am sharing my wave analysis and Elliot count on SET, Stock Exchange of Thailand, starting with monthly chart to grasp the big picture of the market.
Monthly chart
The following chart illustrates major financial crisis during this 20-25 years.
Looking at the post-Lehman crisis period, 5 wave bullish trend seems to have been finished with the 3 corrective waves; ABC as indicated with black wave and it bounced from black trend line.
Weekly chart
Price plunge due to COVID-19 pandemic ended around 970THB, where the market turned the way upward. Now it seems to form the third wave as indicated with purple waves.
Whether Thai stock market really regains its strength like pre-VIX crisis period depends on if the price can exceed lower high of weekly chart(purple dotted line). If going above the line, the market would have a chance to try record high, which is 2018 peak.
Daily chart
Looking at the daily chart, we can see that the first wave of weekly chart consists of 5 bullish wave of daily chart and it looks like the market has been forming a third wave of weekly third wave.
The next challenge would be if the price can go above the resistance line at 1600THB, which is also capped by 200 week SMA(light purple MA).
According to Bangkok Post, foreign investors in SET turned net buyers in Nov 10,2020 which contributed SET price surge. Foreign investors buy is also a key to break the ceiling.
Long ETC if closes above 2.24, TP: 2.72 ETC's investors await good earnings reports today, if it closes above 2.24, the next target is 2.38, and subsequently 2.72. MACD looks goods, relative strength is quite strong. Good short term moving average upward cross. Chart pattern going according to Fibonacci pattern.
BTCUSD vs SET INDEX: For the Thais looking for Superior Returns1. Clear uptrend formed during the last decade for Bitcoin relative to the SET Index
2. Next target at the upper trend line for an increase of approximately 320%
3. Exacerbated with macroeconomic factors such as COVID-19 and irresponsible monetary policy from central banks
4. A switch from physical, unlimited supply fiat to a digital, hard form of money is inevitable.