OR trade ideas
OR | Wave Analysis Mapping- Channel Breakout - Pullback TradePrice action and chart pattern trading
> Elliottwave downtrend channel confirmed breakout crossover SMA200 heaven/hell line - RSI TFD already overbought - Pullback trade for medium-term is recommended
> Target @ volume profile POC 1.618 extension zone and 2.618 zone for 2nd target
> Stoploss @ Wave 5 zone Inverted Head or right Shoulders
> RRR: 2:1 downside less than 10%
Always trade with affordable risk and respect your stoploss
OR | Pennant Triangle Breakout | OR | Thailand SET Index | Energy Sector
Price Action:
> Strong BREAKAWAY CANDLESTICK
> Trend reversal BULLISH BREAKOUT
Chart Pattern:
> Inverted Head & Shoulders on daily timeframe
> Pennant Triangle BREAKOUT
Indicators:
> MFI - Money Flow-In cross above 60
> RSI - Bullish Power Move
> MACD - GOLDEN CROSS about to cross up 0
Minimum Risk Ratio: 3:1
Always respect your stop-loss,
Good Luck
OR | Q3/21 E +55%YOY -45%QOQ Company Performance Spec BuyOR | Thailand SET Index | Chart Pattern | Price Action | Speculative Buy Target Price 29.0
> OR | Q3/21E Strong financial performance +55% YOY -45%QOQ
> Reversal Falling Flag Chart Pattern
> Buy position at Falling Flag Support Line 26.0
> Stoploss just below the support line 25.0
> Risk ratio: 1:3