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SET trade ideas

Let's see if SET will choose a direction today, up or down.I am guessing that most traders believe that today will be a red day, after BoT decision over Thai banks, and who knows if other sectors will follow because have many been able to make any profits, for interim dividends and buybacks? In the graph there I don't see anything saying, up or down, but I see that a big move is too come quite soon. The day is still upwards looking, and in 30 min (shown here) is showing that it has been collected power, for a few days. Not in what direction it will go, though. If we go in the daily graph, and expects SET to follow the trend. Then go bullish today, as there will probably be good “buy low” setups you can find. Or if you believe the BoT decision will be what stopped the bullish retraction in the bigger downwards trend. Then look for good selling opportunities. Whatever you believe, it is often much smarter to wait for the market to decide for itself, so my recommendation would be to wait, at least 30-60 minutes before you make you decision.
SET:SET
by SamuiTrader
2
Where is SET going??SET is building up power to, either go bullish or collect more strength further down south. In a purely technical sense I am neutral, until it has closed in either direction of the last 5 days triangle pattern. Although the market has shown that the underlying sentiment is bullish. So my primary target is therefore, to go in the northern direction, to at first test the last highs around to 1450. If it is not happy with where it’s at now and needs to go further down south, then I see a couple of targets on the downside. First is at the long-term support around 1315 and secondly to test the gap island (from the Covid panic fall), around 1250-1300, I can also find FIB.618 at 1285 so just in the middle of my first target south of where SET is at now.
SET:SET
by SamuiTrader
SET 2020 outlook, go Long until OctoberAfter SET broke out north of the bearish wedge, I have revalued my earlier future strategy and predicted where SET will top this “going-to-the-stars” run, it will be around 1730 – 1800. Would also predict this will occur in or around November, December +/- 1 month. So if my predictions are correct then follow the trend and continue to be on the buyer's side, at least until October or so. Then it will be (according to my prediction) time for investors start to realize, what has been built, is only a sand castle on the beach. And the tide has now changed —the second— wave is coming, it will demolish what has been built since late March. And we (read: buyers) have to wait until the tides change again, before reconstructing our castle and will hopefully stay a bit further away from the ocean so the tides won't demolish it again.
SET:SETLong
by SamuiTrader
My future thoughts of where SET is headingWe are currently in a bearish wedge, which normally is followed by a run down south. Although, the times it occurs in the opposite direction it is often a very strong and powerful run up north. I am bearish, due to the fact of the wedge and the falling resistance, from July 2019. And also that we have consolidated for about a month, by the "covid-panic-island" and the resistance will be by the Evening Star, with two strong gaps, I have hard time seeing that SET will have the power to move much further up north, away from that area. I have to say; these are interesting times.
SET:SET
by SamuiTrader
7