TPOLY | Falling Wedge Breakout | Buy on Dip Opportunity?TPOLY | Thailand SET Index | Construction Sector
Could be a BOD opportunity after strong breakout? The price now stands above EMA200, indicating strong uptrend signal for minor Elliot Wave 5.
Conservative ENTRY @ EMA10 | Stop loss at 3-5% below Entry
Risk Ratio | 1:4
TPOLY trade ideas
SET:TPOLYSome of you talk about TPOLY (Thai Stock)... This is my view
Sector : Construction Sector
--- Turtle Status --- GREEN STATUS
Uptrend, Bullish and Strong Bull
--- Turtle Signal --- GREEN SIGNAL
MCDX Banker % Spike to 87% and Turned Strong.
FiFT Recharge with VOLUME Spike.
BoB with Slow turtle Buy and ATOM buy triggered
!!! However !!!
Current price to Slow Turtle Support is overly extended. Entering now is too risky with 15% loss.
Zoomout, it seems the price hit channel resistance..
PLAN
Option 1
Suggest to wait for pullback to acceptable risk (7 to 10% RIsk).
Turned to lower time frame and wait for BoD setup around (2.5 - 2.6)
Set FIFT alert on H1 timeframe.
Option 2
If price continue to advance and break the channel resistance, wait for price to pullback to retest the channel.
