Analysis on SET Index: moment of truthDear all,
After SET index oversold (in red triangle zone), and bounced back.
it is now back to unsure stage where
1. if it break down 1365 // downside will expand to 1200
2. if it can break the downtrend line, it will gain upward momentum, reach 1400 and 1450.
Best Regards,
QuanTechTraderPP
TraderApprenticePP
TraderPP
SET trade ideas
SET, make or break levels for Thailand. SET is at a crucial levels. I have pasted the Elliot wave to provide some sense of what the downside could look like. However, on monthly it is in the retracement phase inside the FVG on monthly time frame. If SET closes positive by a slight margin on monthly then momentum can re-enter the market and the current trend line can act as support. Personally, I am bullish on Thailand but it is important to not take into account emotions when trading, I am just acting upon the data. Thailand is a very exciting market right now and I have been keeping close attention. Let’s see where this journey leads to. If it breaks this level then we can see a downside.
Analysis on SET Index: Same thought as last week'sHi all,
the view remained unchanged as we anticipate the upward momentum to reach 1450***
quite confident that it will reach that point soon.
but after that, need to wait and see market reaction first.
Regards,
TraderPP
TraderApprenticePP
QuanTechTraderPP
Analysis on SET Index: can still ask for moreDear all
Currently, it dropped to test at 1408 which is the level before open gap.
So, as long as this level holds, we still can hope it to go up and test 1450.
Otherwise, momentum will become downward first.
Best regards,
QuanTechTraderPP
TraderApprenticePP
TraderPP
Analysis on SET Index: Come Back from OversoldDear all,
Currently, SET can rise back from oversold (almost big drop).
This signals the buying force coming into play soon.
The momentum is not shifted to long side, with the minimum target 1450.
Therefore, it is time for short and medium term trader to going in.
Best Regards,
TraderPP
TraderApprenticePP
QuanTechTraderPP
Analysis on SET index: downtrend but should pullbackDear all,
It is already confirmed to be down trend with downside to 1200
however, it is now in oversold area and close to supports.
buy momentum should step in and push price up temporarily.
Best Regards,
Best regards,
TraderPP
TraderApprenticePP
QuanTechTraderPP
Anaylsis on SET INDEX: it may rise but not persistentDear All,
Currently, SET index break down 1460 which is the last line of defense for long position.
After this, the trend is gonna be downward,
It may bounce when oversold but overall it is going down.
Going up then sell and clear your portfolio.
Going down to 1280 // 1200 respectively
Best Regards,
Credit
TraderPP
TraderApprencticePP
QuanTechTraderPP
SET Sell Setup - Analyze from a big time frame. (4H, 30M)
- Is there any setup? (SBR)
- Set both buy and sell zones on a higher timeframe such as 4H or Day for TP and Entry Area. (Yes)
- Is it in Premium Zone? YES
- Is there Fakeout zone NO
- Use a trend-following setup. (Yes)
- The Risk-Reward (RR) ratio should be around 4 or more than 2. If there is an 80% chance of reaching the target, take it. (Yes)
- Confirmation using Choch. (No, it risks entry)
Analysis on SET Index: Sideway with negative biasDear All,
After SET Index bounced 1500 for the first time, it could not break beyond 1520.
As a result, the selling pressure came in and hammer it down below 1500.
Currently, the range is not 1500- 1530 any more, it is shifted to 1460 - 1500.
As long as it cannot go beyond 1530, selling pressure will keep coming in.
Special note, several analysts and investors deemed that the next quarter will be up rally for thai stock market since futures investors are all forced to close all the positions.
But let us see what will eventually be.
What we should mainly focus is what we see in the chart, nothing more, nothing less.
Best Regards,
TraderApprenticePP
QuanTechTraderPP
Analysis on SET Index 21/09/2023 -- Buying point?Hi all,
This week, SET index broke down 1530 which is quite bad.
And immediately reach the next bus stop 1500-1505.
Today, it bounced up for the first time,
The first testing level would be 1520.
If it cannot break then the selling force will come back and test 1500 zone again.
Some stocks like insurance can outperform due to increase in bond yield worldwide.
Some stocks like MOSHI around 56 is a really good point after retracement.
The sentiments for most stocks are much better.
Best,
TraderApprenticePP
QuanTechTraderPP
Analysis on SET INDEX by TraderApprenticePPHi all,
This SET index finally got pulled back to 1530, and even broke down.
The situation becomes moment of truth for long position or biased long.
If you look into the timeframe day, it is already bad and 1515 is coming soon.
But if you investigate into smaller timeframe, you will see that this level of close today,
can also be the last line of defense for long position.
So, you should be well-prepared if tomorrow or this week dropped further below this 1525, the upward momentum will be gone and entered no direction stage + negative momentum again.
Best of luck,
TraderApprenticePP
QuanTechTraderPP
Analysis on SET Index ( Thai market )Hi all,
Currently it still ranges between 1515- 1540.
Firstly, it already triggered cut loss for daytrading when went below 1515
Additionally, the politics will likely be settled with Taksin and Junta combined.
And so, we can expect the market to test 1540 first if break will go 1570.
If it can also break 1570, that will be the beginning of big uptrend for thai stock market.
All the best,
TraderApprenticePP
QuanTechTraderPP
Analysis on SET Index (Thai stock market)Dear All,
It has already touched 1570 and break it for a day.
Then the selling pressure stepped in and push the market down.
So, currently, it is the uptrend already.
However, for the short term, the momentum is going downward.
As long As 1530 ***** can hold.
Your call should be buy or hold.
All the best,
QuanTechTraderPP
TraderApprenticePP
Analysis on SET INDEX (Thai Stock Exchange)Hi all,
With all the new information,
the graph now is on the verge of falling down.
It is getting more complicated to analyze but...
I could say that if it break down 1515 => go short !!!
If this level can hold then it will be neutral view (sideway)
so, keep your eye alerts and take any necessary action.
All the best,
TraderApprenticePP
QuanTechTraderPP
Analysis on SET indexHi all,
with the previous analysis, we expect it to reached the blue line.
and now, it already did and got rejected.
So, it may retrace back to around 1500-1505.
If this level still hold, it will gain back the momentum and test the blue line again.
QuanTechTrader PP.
TraderApprentice PP.
Analysis on SET IndexHi all,
Currently, the chart is in the wait stage where the decision making level would be....
1. If it can break up the blue line
=> it will regain bullish momentum and it could rise to 1565.
=> this is where we are supposed to long or buy stocks.
2. if it reach the blue line and get rejected
=> the bearish will prevail and it can drop to 1460***
=> if SET dropped below 1460**, the downside would be 1300 and 1200 consecutively.
So it really needs to hold around 1460 and break the blue line.
For short term trading perspective,
=> as long as 1475 holds, the chart should try to reach blue line first.
Regards,
QuanTechTrader P.
TradersApprentice TA.
SET compare to SET exclude DELTA
SET:SET compare to SET exclude SET:DELTA \
on assumption that every 10Baht of DELTA effect 1 Pt of SET index
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