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SAWAD | Elliott Wave Projection | Reversal Pattern BreakoutPrice action and chart pattern trading > Downtrend Elliott wave channel breakout intermediate ABC correction, a possible reversal with minor ABC uptrend wave > Pullback Entry @ downtrend channel retest at B-wave > Medium-term target @ volume profile point of control 0.382 retraced previous uptrend major C-wave > Stoploss @ the lowest minor 5-wave -5% - 10% downside > risk reward ratio 2:1 +25% upside Indicator: RSI already oversold wait for a pull back for the long entry Always trade with affordable risk and respect your stop-loss
SET:SAWADLong
by dukeposh
MENA : Reversal Pattern As an investor interested in the Thai construction industry, I've been keeping an eye on Mena Transport Public Company Limited. This company provides concrete transportation services in Thailand and has been operating since 1993. In my opinion, Mena Transport could be a promising investment opportunity for those looking to diversify their portfolio. From a technical analysis standpoint, the Relative Strength Index (RSI) of Mena Transport's stock is currently over 70, indicating an upward trend. Additionally, the stock is showing a reversal trend in technical analysis, which suggests further growth potential. Beyond the technical analysis, Mena Transport also has strong business performance indicators, which add to the investment appeal of the company. With a good track record and a presence in the Thai construction industry, Mena Transport has the potential to provide strong returns to investors. Please note that this post is not intended as financial advice or as a recommendation to buy or sell any particular security. As with all investments, it is important to conduct your own research and analysis before making any investment decisions.
SET:MENALong
by JirathB
III | Elliott Wave Projection - Corrective A Possible Breakout?Price action and chart pattern trading > Elliott Wave projection - a possible breakout of corrective wave A position at 0.618 retracement of previous wave 5. > Target Wave B zone estimated at 0.618-0.786 of the current wave A uptrend + 15 - 18% upside again > Stoploss at the lowest wave A position plus ADR average day range -5 - 7% downside > RRR 2:1 for short term trade Always trade with affordable risk and respect your stoploss
SET:IIILong
by dukeposh
KBANK | Elliott Wave - Wave 4 Support - Target Bull Pennant +30%Price action and chart pattern trading setup > Overall wave pattern moving in diagonal uptrend with a possible wave 4 triangle sideway. > Now making a strong pullback to triangle support could be E- wave of ABCDE pattern at EMA200W zone > Entry : A false triangle breakdown for a possible long entry between S1 and possible S2 > Target : bullish pennant at major wave 5 diagonal zone +30%. > Stop: Slightly below S2 -5% Always trade with affordable risk and respect your stoploss Good Luck
SET:KBANKLong
by dukeposh
SCB | Wave Projection | Pullback Trade @ Bullish Pennant SupportPrice action and chart pattern trading: > An possible ABC correction scenario with bullish pennant pattern or descending triangle > The price currently SMA20 crossing below SMA50 with MACD crossing down bearish support indicator > PULLBACK TRADE @ bullish pennant support level at a further breakdown with local doubled top pattern targeting -4.5% downside to fibonanci 0.786 extension of previous A-wave support level. > Risk Reward Ratio 3:1 Always trade with affordable risk and respect your stoploss!
SET:SCBLong
by dukeposh
BDMS | Inverted Head & Shoulders | Entry @ Breakout SetupPrice Action & Chart Pattern Short-term Trading > Inverted Head & Shoulders > Entry @ Breakout Setup > Target at previous high > Stoploss @ right shoulder Indicator: > Banker Smart Money & Banker Chip Volume Support at significant level > BBD bullish divergence crossed above baseline > Banker Fundflow uptrend but not overbought > KDJ ribbon on uptrend above 70 Trading with affordable risk ratio 2:1 for short term trade Always respect your stoploss
SET:BDMSLong
by dukeposh
ADVANC | Elliott Wave Projection | Complex Inverted H & SPrice action and chart pattern trading > Elliott Wave projection possible the end of Intermediate 4-wave downtrend > Complex inverted head & shoulders formation ABC uptrend correction > Bullish divergence in previous 5-wave downtrend confirmation > Entry @ neckline breakout - RSI downtrend breakout > Target @ C-wave uptrend 1.618 extension of A-wave near volume profile POC > Stoploss @ B-wave right shoulder > RRR: 2:1 Always trade with affordable risk and respect your stop
SET:ADVANCLong
by dukeposh
BAM | CUP & HANDLE | Estimated TARGET | ENTRY PositionBAM | Thailand SET Index | Financial Sector | Chart Pattern Trading Chart Pattern: Cup & Handle Target Estimated on weekly timeframe Price Action: Entry position - Buy on breakout Indicator: RSI and MACD Bullish signal support with large gap above RSI MA and MACD signal line above 0 This is a medium to long term buy, Stop-loss possibly a bit more 5-10% below entry point Trade with AFFORDABLE risk Trust in your SYSTEM INDICATOR Always respect STOP-LOSS Good Luck HNY 2022
SET:BAMLong
by dukeposh