Ride With TrendTrade setup with simple tools (Long Bias)
1. Support Trend Line
2. Any EMA
TP
1. Fibo level
2. Prev. Zone
Carabao Group PCLResistance at 123.50
Support at 109.50
Big momentum today after earnings report, I expect a small pullback in the days to come, which could serve as an entry point, before moving on up.
Gross margins sitting at 20% which is quite attractive.
MINT - Breakout from 1Y-consolidation rangeMINT - Breakout from 1Y-consolidation range with wide gap up and >200 days volume support.
First target should be 29-30 as same height of previous trading range.
MINT - accumulated phase breakoutPrice was accumulated for 8 months between 16 to 24 THB, then did a huge gap up, and resistance breakout at 24 THB with relatively high volume shown conviction and interest in Nov2020 which provides a significant upside signal. Price threw back to 24 THB as support line in Feb2021 and likely to continue moving in the breakout direction (now 32.50 THB). However, the price is now lack of volume showing the level is not important or that the big traders aren't ready to participate yet.
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.
BTS Group Holdings PCLBTS has been trending down for awhile now - It broke through a strong support at 8.80 and has opened itself up for further downside risk.
I would like to see it hold above 8.80 and eventually close higher than the yellow line above 9.60.
If it holds above the yellow line and breaks through resistance at 10.20 Baht it should give us confirmation that the stock is going to pusher higher.
However, I believe it will continue to trend down in the short term to test 8 Baht.
Bangkok residents have also been asked to work from home as much as possible, and many schools still haven't opened up and are currently learning online. These are not tailwinds that support price increases.
Unfortunately, I see BTS under pressure for the remainder of the year until some normality returns - For long term investors this may be an opportunity to load up at lower prices -
BTS also pays a fairly good dividend.
CPR and WTZ1 Trade SetupCPR and WTZ1 Trade Setup just broke out the range. Fibo E. 161.8% is expected as the first TP.
Long AIT Good financial statement, XD soon might get some free Div to get some coke
Technical on uptrend with aroon up and sto up
First entry@ 22
2nd at 20.10
NO SL BC YOLO
COM7 and 9-13-9 TD SignalCOM7 (weekly chart) has 9-13-9 signal. We expect it might has some reversal pattern soon within a few week. Be careful.
