TRT Long Fundamentals and Electricity DemandCurrently P/BV sits at 0.68 which is lowest in it's sector. Transformers are expected to make a comeback in the next few quarters as the effects of the pandemic dies down. Hold as strong balance sheet is expected with reduced long term debts, backlogs and lower variable costs. Another good possibility is the weakening of THB that will positively affect profits due to expected improvement of exports.
Stockexchangeofthailand
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!
STARK moving up in the squareStack did a small breakout with volume.
Now should be moving to the new trend line.
Green day after drawing back to both MV. AVG 12 and the trend line is a good buying point.
Easy stop-loss position - 2.20 on the trend bottom.
#BDMS - Breakout Alert Rectangle Chart PattenBreakdown of the rectangle chart pattern in BDMS
Bangkok Dusit Medical Services Public Co. Ltd. is dedicated to the health care business. The company operates through two segments: Hospital Operations and Other Businesses. The value is listed on the Stock Exchange of Thailand.
The BDMS price developed a rectangle chart pattern of possible distribution zone, of almost 8 months duration. I do not consider this pattern as a Head and Shoulders, although the volume follow its characteristics, but the closing prices, without bear the wicks in mind, the left shoulder and the head have the same level. Also, the upper boundary acting as strong resistance at 27.3 levels and the lower boundary acting as strong support at 24 levels. Both limits have been tested several times before the breakdown. The price has broken the uptrend line of 1 year and 7 months in addition the price action below the 200-day average.
- A daily close below 23.3 levels, confirms the breakdown of the pattern.
- The possible target price of the chart pattern is at 20.8 levels.
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Note: The entry and exit levels are references according to the principles of classical charting. Each trader must take their own decisions depending on their strategy and risk of entry and exit. These levels do not indicate specific entry and exit prices, only possible changes in the technical price action.
