ADVANC , Week Chart ADVANC , Week Chart , have been sideway in the trading range since 2020
and this week is the first week that price start reverse down and break out the trendline.
RSI and AO show weak momentum signal.
We should monitor how deep that this chart go down by using the daily chart to monitor more detail.
TADD trade ideas
ADVANC Growth driver and Expected FV in 1-2QY23 Nonetheless ADVANC is in minor corrective action in which may be drew downward til 171 THB (end EW C pattern) depending on TH political (after election) and revenue effect from M&A cost and diversification in (2-3QY23). All indicators showing good shape in upward down trend.
Her Y23 year end target has two scenarios. One is 250 THB and two is 280 THB.
ADVANC | Elliott Wave Projection | Complex Inverted H & SPrice action and chart pattern trading
> Elliott Wave projection possible the end of Intermediate 4-wave downtrend
> Complex inverted head & shoulders formation ABC uptrend correction
> Bullish divergence in previous 5-wave downtrend confirmation
> Entry @ neckline breakout - RSI downtrend breakout
> Target @ C-wave uptrend 1.618 extension of A-wave near volume profile POC
> Stoploss @ B-wave right shoulder
> RRR: 2:1
Always trade with affordable risk and respect your stop
Chart Pattern Review | Diamond Top / Bottom ReversalDIAMOND TOP / BOTTOM:
> A trend reversal pattern indicating the end of up or downward trend - slightly off head & shoulders pattern
> Price increased and declined sharply with significant volume forming a diamond shape
> A mix of expanding and contracting triangle or wedge, often confused with a more popular head & shoulders
> Timing could range from days to months
Key characteristics:
> The price should trending downward then forming a broadening pattern.
> The price pattern increased and decreased sharply before squeezed for rebound
> Timing ranging from days-weeks-or months - a strong long-term reversal pattern
> Most trends will begin with a breakout gap and be followed by several runaway gaps.
Trading Tips:
> Price range determines the target reversal
> TP1 @ the size of the diamond extending the breakout or breakdown distance.
> TP2 can be targeted between 1.0 / 1.618 fibonanci retracement.
> TP3 @ key moving average support / resistance within extended range.
> Putting the chart together with a price oscillator like VWAP / CVD for a better early breakout or breakdown catch.
> Price oscillator can monitor the overall likelihood of a high probability trade and confirming strength/momentum as well as spotting false breakout/breakdown trades.
Always trade with affordable risk and respect your stoploss, nothing 100%
Good Luck!
ADVANC | Wave Projection | Possible trend reversal Inverted H&SPrice action and chart pattern trading setup
> Elliott Wave Projection - possible end of correction ABC
> Upcoming trend reversal pattern - inverted head & shoulders
> Entry @ Neck line breakout
> 1st Target TP1 - SMA200 and TP2 - previous Wave (B) position
> Stoploss @ head position
> RRR: 2:1
> Indicator: MACD bullish divergence
Always trade with affordable risk and respect your stoploss
Advanc 11/04/2022 price 227 🔨🔨🔨Advanc 11/04/2022 price 227
1. The big picture is still in an uptrend.
2. The price has come up to test the key resistance of 242 baht. Failed to pass, has made a decrease.
3. The price has moved down to the first support 223 (Fibonacci Cluster+EMA20).
4. If the price cannot stand above 223, it will go down to the next support level 212/194.
5.volume last week, very strong sales
ADVANC | Bullish Gartley | Possible Sideway wave correction Price Action & Chart Pattern Trading: Hold / Accumulate - Pullback Entry
> Possible breakout pennant triangle in sideway after forming bullish gartley as correction after minor Elliott Wave 5
> RSI & MACD bullish crossing signal line above base.
Always respect your stoploss
Good Luck
ADVANC| Trend reversal | retesting Falling Wedge EMA50ADVANCE | Thailand SET Index | ICT Sector | Price Action Analysis | SL - Falling Wedge Support Line
> Recent breakout uptrend channel of trade into downtrend channel - Falling Wedge Pattern - Primary WAVE 4 - ABC correction phase
> Possible trend reversal - wait for positive Banker Fund Flow signal before entering
> Retesting the Falling Wedge Support line if failed, possible to drop to EMA100.
> Smart Money signal - wait for fund flow divergent to confirm
> Volume Accumulation Index turning to Distribution (green color)
Upside fundamental factors:
> Positive +YOY upcoming earnings
> Current laggard stock price
Advanc TF Week 190.00 baht Buy On DipAdvanc TF Week 190.00 baht
+1. Price can stand above ema 200 at 183.00
+2. The purchase volume is very large.
+3.Momentum MACD crosses above 0
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strategy
Wait to buy when the price drops to the area of 187 baht.
Take profit 194/198.50
Volume and Candle Stick Pattern indicator (Thai Language) Volume and Candle Stick Pattern indicator (Thai Language)
อธิบายอินดิเคเตอร์ Volume และ Candle Stick Pattern สำหรับมือใหม่
อินดิเคเตอร์ Volume จะนำมาใช้ช่วยในการดูกำลังการซื้อขายของหุ้นตัวหนึ่งๆ
"แท่งสีเขียว" หมายถึง แรงซื้อมากกว่าแรงขาย
"แท่งสีแดง" หมายถึง แรงขายมากกว่าแรงซื้อ
Candle Stick มีหลายลักษณะ ในคลิปนี้จะอธิบาย
Bullish Engulfing : หากเห็นแท่งเทียนระบุว่าเป็น Bullish Engulfing มีแนวโน้มว่า "วันถัดไป" ราคาจะปรับตัวสูงขึ้น
Bearish Engulfing : หากเห็นแท่งเทียนระบุว่าเป็น Beairs Engulfing มีแนวโน้มว่า "วันถัดไป" ราคาจะปรับตัวลดลง