Gulf GULF: Time to Invest? ๐
GULF is looking super interesting right now! See how the price beautifully bounced off that 43 THB support level? ๐
My analysis:
Price moving in a long-term upward channel (green lines) since 2018 ๐ช
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 ๐
I'm targeting 60-64 THB (check previous peaks) with potential 30-40% gain ๐ค 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 ๐
Bottom line: Buy now at 45.xx THB and ride it up to the 60 THB zone! ๐ฅ #GetRichOrDieTrying
Remember this is just my idea - do your own research before investing (not financial advice) ๐
GULF trade ideas
Gulf Support-based Buy with High winning-chance strategyThe support is at the old low, 157. I saw the stock was moving down fast with low volume. I jumped in at 157 and 156.5. The risk-reward was OK but I felt like I would have a high winning chance of buying it here. The profit-making price is the next resistance,161. This should work out.