ASK hitting 1.618 fibonacci extensionOn a longer-term chart, the price has hit the Fibonacci extension level in a downtrend of 7.05 THB. Currently, this level seems to support the price. Putting the fundamentals aside, this could be a good entry point for technical play.
The fisher transform on the weekly chart has also crossed up.
Entry: ~7.35 THB
TP: 17 THB
SL: 6.40 THB
Is SIS going up? How far?SIS is currently around a major support level, shown as the yellow dashed line. In my opinion, it is still likely to bounce off this level and test the next resistance.
This is supported by a strong and robust volume profile, which, for me, is a sign of potential upward movement.
However, SET sentiment and the Thai economy remain weak, and the major trend for SIS is still downward. Therefore, I don’t expect SIS to go too far.
SIS is Going Up as Predicted—But How Far?
Today, SIS formed a green candle with a short upper wig. The Point of Control (POC) has moved higher, but with negative delta value (-126.5K), -> suggesting that sellers are still active despite the upward movement.
IMO, the uptrend is still in its way, but the question is how far will it go?
Second Day of Strong Selling in OKJ, but Signs of Optimism !!!
Today is the second day of strong selling in OKJ, but there are several promising signs:
- The Point of Control (POC) remains at the same level as yesterday and shows a positive delta (more buying than selling).
- Despite the red candle, the lower spreads contain a mix of positive and negative deltas, indicating buyers come in.
- The price should have stayed around 10.7, but at 16:30, a big, and aggressive seller entered, dragging the price down to 10.0. but many buyers were waiting to
STA has a change to going up again, after a long way down.Support: 14.6
Stop loss: 14.4
if on Monday 10th Feb , opening price is equal or greater than 14.4, it will be a great chance that STA will going up, at least to test the EMA25.
Momentum and volume profile on Fri, 7 are very promising, with buyer comes to the place.
WICE is going up to test EMA25 for a new round.Support 3.28 , stop loss 3.20
from this day graph, rsi and momentum have shown divergent trend since new year, with the latest long lower wig with almost all are negative delta values with ask imbalance on the side.
IMO, 3 positive deltas make it not that bull, but overall chance will be going up anyway.
Corrective Wave and Chart Pattern Analysis - RSI TFW DivergenceCorrective Wave Structure a ABC Analysis pattern in TFW timeframe
Observations:
A bullish divergence is evident in the momentum near the support zone indicating weakening bearish momentum, the end of wave C, and a potential reversal to the upside.
Analysis:
- Wave A: completed descending channel retraced 61.8% of previous uptrend with 5 wave diagonal pattern - wave A.1 the shortest and wave A.3 is the longest.
- Wave B: retraced 61.8% of Wave A with an extended flat 3 wave abc pattern - wave B
Price is About to Breakout the Major High with EMA Signal SupporBoth EMA12 and EMA26 in the weekly and monthly timeframes are showing bullish signals. Prices have been consolidating for 1078 days, indicating a potential breakout. Since September last year, volumes have decreased, suggesting a buildup of pressure. Currently, the price is breaking through a Low Volume Node (LVN) area to the left, which could lead to a significant move upwards.
BCP Long Trade Setup – Potential Bounce from Swing Lows
📉 Stock: Bangchak Corporation PCL (BCP)
💰 Current Price: 29.50 THB
📊 Trade Idea:
Price is currently trading near swing lows around the 29 THB zone, shown in the blue highlighted demand zone. Historically, this level has acted as a strong support, with prices bouncing to the upside after touching this zone.
If the pattern holds, I anticipate a bounce from this level, providing a potential upside opportunity with profit targets at:
1. 📈 32 THB
2. 📈 33 THB
3. 📈 34 THB
4. 📈 39 THB
This setup
Carabao Group ( $CBG )Carabao Group's valuation and earnings have narrowed compressing its multiple. This is mainly because its stock price went through a euphoric phase which coincided with a global market blow off top in 2020-2021.
The stock price overshot and has been compressing while the company tries to grow into its high multiple. What we have seen is a trend reversal from its high of +- 158 baht
The downtrend and its counter rallies were sold off as profit takers took gains and while many others panic sold
Indorama Ventures PCL ( IVL ) cooling off after big gainsMonstrous rally off of an inverted head and shoulders support. Banking a +- 70 % gain over a 3-4 month period.
Stock seems to be cooling off now, which might indicate some profit taking in order to protect those gains.
No position, with a neutral view. I'll be Watching for downside pressure and might get interested at 23 baht again for a trade.























