BDMS BDMS: Perfect Entry Point? 🏥📈
Looking at BDMS (Bangkok Dusit Medical Services) - this setup is screaming opportunity! 🔍
The chart is telling us a clear story:
Price just bounced off the long-term uptrend channel support (green line) 💪
Currently trading at 23.5 THB with a perfect rejection at the 23.1 THB support level
RSI at 44.63 shows momentum picking up from oversold conditions 🚀
That yellow arrow pointing up? That's the projected move everyone's watching!
What I'm seeing here is a classic "buy the dip" scenario in a quality healthcare stock. BDMS has formed a solid base at current levels after the recent pullback, and now looks ready to resume its uptrend toward 30-32 THB region 📈
Smart money strategy:
Entry: Current levels around 23.5-23.8 THB look optimal
Target: 30-32 THB (previous resistance zone) = 25-35% potential upside! 💰
Stop loss: Below 22.5 THB to manage risk
Healthcare sector has always been defensive with reliable growth, and BDMS is the premium player in Thailand. This isn't just a technical trade - it's backed by fundamentals too! 👨⚕️
Time to load up before the next leg higher begins! 🔥 #InvestingForFuture
Disclaimer: Just sharing my chart analysis - do your own DD before pulling the trigger 😉
Gulf GULF: Time to Invest? 📈
GULF is looking super interesting right now! See how the price beautifully bounced off that 43 THB support level? 🚀
My analysis:
Price moving in a long-term upward channel (green lines) since 2018 💪
RSI at 44.92, nowhere near overbought - plenty of room to run
Notice that yellow arrow pointing up? That's what traders are waiting for 👀
I'm targeting 60-64 THB (check previous peaks) with potential 30-40% gain 🤑 But keep a stop-loss below 43 THB to stay safe!
Honestly, energy sector still looks strong, and GULF has solid fundamentals with powerful business owners. This looks like a good long-term hold, not just a short trade 👍
Bottom line: Buy now at 45.xx THB and ride it up to the 60 THB zone! 🔥 #GetRichOrDieTrying
Remember this is just my idea - do your own research before investing (not financial advice) 😉
RPC falling wedge pattern? RPC has historically exhibited occasional large bullish candlesticks indicative of sudden upward momentum. Currently, the stock is significantly oversold, trading at its lowest price on record. It has now retraced to the 1.272 Fibonacci level, suggesting a potential setup for a rebound or a technical bounce.
ASK hitting 1.618 fibonacci extensionOn a longer-term chart, the price has hit the Fibonacci extension level in a downtrend of 7.05 THB. Currently, this level seems to support the price. Putting the fundamentals aside, this could be a good entry point for technical play.
The fisher transform on the weekly chart has also crossed up.
Entry: ~7.35 THB
TP: 17 THB
SL: 6.40 THB
Is SIS going up? How far?SIS is currently around a major support level, shown as the yellow dashed line. In my opinion, it is still likely to bounce off this level and test the next resistance.
This is supported by a strong and robust volume profile, which, for me, is a sign of potential upward movement.
However, SET sentiment and the Thai economy remain weak, and the major trend for SIS is still downward. Therefore, I don’t expect SIS to go too far.
SIS is Going Up as Predicted—But How Far?
Today, SIS formed a green candle with a short upper wig. The Point of Control (POC) has moved higher, but with negative delta value (-126.5K), -> suggesting that sellers are still active despite the upward movement.
IMO, the uptrend is still in its way, but the question is how far will it go?
Second Day of Strong Selling in OKJ, but Signs of Optimism !!!
Today is the second day of strong selling in OKJ, but there are several promising signs:
- The Point of Control (POC) remains at the same level as yesterday and shows a positive delta (more buying than selling).
- Despite the red candle, the lower spreads contain a mix of positive and negative deltas, indicating buyers come in.
- The price should have stayed around 10.7, but at 16:30, a big, and aggressive seller entered, dragging the price down to 10.0. but many buyers were waiting to absorb the selling pressure along the way.
I remain optimistic about OKJ. !!!
STA has a change to going up again, after a long way down.Support: 14.6
Stop loss: 14.4
if on Monday 10th Feb , opening price is equal or greater than 14.4, it will be a great chance that STA will going up, at least to test the EMA25.
Momentum and volume profile on Fri, 7 are very promising, with buyer comes to the place.
WICE is going up to test EMA25 for a new round.Support 3.28 , stop loss 3.20
from this day graph, rsi and momentum have shown divergent trend since new year, with the latest long lower wig with almost all are negative delta values with ask imbalance on the side.
IMO, 3 positive deltas make it not that bull, but overall chance will be going up anyway.
Corrective Wave and Chart Pattern Analysis - RSI TFW DivergenceCorrective Wave Structure a ABC Analysis pattern in TFW timeframe
Observations:
A bullish divergence is evident in the momentum near the support zone indicating weakening bearish momentum, the end of wave C, and a potential reversal to the upside.
Analysis:
- Wave A: completed descending channel retraced 61.8% of previous uptrend with 5 wave diagonal pattern - wave A.1 the shortest and wave A.3 is the longest.
- Wave B: retraced 61.8% of Wave A with an extended flat 3 wave abc pattern - wave B.c extended 261.8% of B.a
- Wave C: A descending triangle /ending diagonal pattern is visible within Wave C current extending 61.8% of Wave A.
Support:
- The Green zone (liquidity support) around 4.50 THB is significant, acted as a strong support level multiple times in the past.
- A breakdown below this zone could lead to further downside (red arrow scenario) while holding above it might trigger a reversal (green arrow scenario).
Breakout:
- Resistance levels marked by Wave B’s high 6.4+ THB and intermediate levels around 4.9+ THB are critical breakout moving average 20 week dynamic resistance zone.
- An upward breakout past these levels would confirm the end of the corrective phase and the start of a new bullish impulse wave.
Potential Scenarios:
Bullish Case (Green Arrows):
TP1: Price holds the liquidity support zone and breaks above 5.50 THB (near-term resistance).
TP2: A successful retest of 6.50 THB Wave B zone could lead to a new bullish wave formation.
RRR: 3:1
Bearish Case (Red Arrow):
A break below the liquidity support zone 4.50 THB would confirm continued bearish pressure.
Price could target lower levels, possibly extending toward 3.50 THB or beyond.
Action:
+ Look for bullish confirmation with a breakout above descending triangle (ending diagonal) resistance 4.80 THB zone
+ Watch for volume surge volume profile indicator to validate the reversal trigger.
+ Monitor price action near the liquidity support zone 4.50 THB.
+ Accumulate only if the support holds and momentum confirms a bullish reversal.
Always trade with affordable risk, respect your stop.
Price is About to Breakout the Major High with EMA Signal SupporBoth EMA12 and EMA26 in the weekly and monthly timeframes are showing bullish signals. Prices have been consolidating for 1078 days, indicating a potential breakout. Since September last year, volumes have decreased, suggesting a buildup of pressure. Currently, the price is breaking through a Low Volume Node (LVN) area to the left, which could lead to a significant move upwards.
BCP Long Trade Setup – Potential Bounce from Swing Lows
📉 Stock: Bangchak Corporation PCL (BCP)
💰 Current Price: 29.50 THB
📊 Trade Idea:
Price is currently trading near swing lows around the 29 THB zone, shown in the blue highlighted demand zone. Historically, this level has acted as a strong support, with prices bouncing to the upside after touching this zone.
If the pattern holds, I anticipate a bounce from this level, providing a potential upside opportunity with profit targets at:
1. 📈 32 THB
2. 📈 33 THB
3. 📈 34 THB
4. 📈 39 THB
This setup offers a favorable risk-to-reward ratio with clear levels to capture profits as the price rises.
⚠️ Stop-Loss: Consider setting a stop-loss below the swing low to manage risk in case the support fails.
🚨 Disclaimer: This is not financial advice. Please do your own research and consult a financial professional before making any trading decisions.
Let’s see if this support holds! What are your thoughts on this setup? 💬
#BCP #Bangchak #TradingView #ThaiStocks #SwingTrade #SupportAndResistance #TradeIdeas