TASCO, will it go or gone?SET:TASCO
Take a bet Enter at 21.0-21.5
With a Target price of 24 ++++
Stop loss at 20.3
Come and Ride this wave !
TASCO trade ideas
SET:TASCO long trade;breakout of consolidation.3.5X float tradedBreakout of consolidation
- Total Share - 1.57 B
- Shares Float - 1.06 B
- Shares traded at the base - 3.5B ++
- Average buyer upon gap is now below the current price and consolidation range, currently in unrealized gains
Trade:
Entry at Breakout of 19.8/20.
Stop loss - 18.7 THB - Previous low
Take Profit - 23.7 - Gap close
Disclaimer: Trade thesis only, please disregard any initial bias. Only Price Pays ;)
Just Called TASCO, despite the market conditionHigher High with Higher low. The price is just above the moving average. This stock should have the benefit from the declination of the Crude Oil’s Price. I just bought hugh stake today during its pull back. I’m planning to do a short term speculation once again if the price open higher then surge up with volume. 50 days’ Moving average is considered as the good point for the stop loss.
TASCO starts consolidating around 20.60TASCO weekly graph shows that the price starts consolidating around 20.60 level generated from recent counting CC59 up to +9. A price gap is also found as pointed by a yellow arrow.
There is a gap in TASCO weekly as of 20190625.TASCO weekly chart has stayed above the white supply line extended from the points of all-time-high several years ago. Currently there is a price gap (yellow arrow) on the left of the 20190624 candle. This flaw would be finally covered sometimes in the future.
TASCO monthly finally arrives at a very long-term supply line.After an all-time-high was set several years ago in TASCO monthly graph, the white supply line linking from that high was finally been hit currently.
Investment in TASC01P1903A derivative warrant with SET:TASCO H1.This educational idea studies an hourly graph of SET:TASCO, a big asphalt refining company in Thailand. The aim of this study is to learn spotting a setup for a new downtrend so that a PUT Derivative Warrant referencing this stock could be entered for short-term investments.
With Graph Reader Pro 4.0 for TradingView, many tasks for this study are done automatically. From the left of the chart, CC59 resistance (orange line) and CC59 support (light blue line) are generated by completions of -9 and +9 at 15.50 THB and 15.20 THB respectively. The price goes from between these lines down to below the light blue line to set the first "Min" point. Two bars later, the "MACDSig" label is printed to show that the MACD value is now higher than its own SMA9. This confirms a new uptrend. In addition, a series of positive CC59 counting is started. It is completed with the +9 bar. At this point the new CC59 support line is drawn at 14.90 THB. The price is also now crosses above both original light blue and orange lines. After that a tall bullish "Anchor" bar appears to create an "RSI>70" warning. The highest price of 16.10 THB is marked manually to see whether the price movement could go higher from here. Two bars later, the second "Min" point is printed. A dotted yellow demand line linking both "Min" points is then drawn manually to check for the beginning of a new downtrend.
Four bars later the SMA3 line changes its color to red showing that the MACD value is now decreasing. The price bar also closes below the dotted yellow demand line. At 20181018 10:00, the label "MACD<Sig" is printed to confirm a new downtrend. This is an opportunity to buy TASC01P1903A PUT derivative warrant referencing SET:TASCO at the price 0.54 THB. At 20181024 09:00 (six days later), the price of SET:TASCO closes below the new CC59 support line (14.90 THB) while the price of TASC01P1903A PUT derivative warrant hits its previous high. This is a good exit point at 0.64 THB since the return of this investment is already +18.5%. To get invited to use the Graph Reader Pro 4.0 for TradingView, please contact me in the chat box.
