Analysis on SET indexHi all,
with the previous analysis, we expect it to reached the blue line.
and now, it already did and got rejected.
So, it may retrace back to around 1500-1505.
If this level still hold, it will gain back the momentum and test the blue line again.
QuanTechTrader PP.
TraderApprentice PP.
SET trade ideas
Analysis on SET IndexHi all,
Currently, the chart is in the wait stage where the decision making level would be....
1. If it can break up the blue line
=> it will regain bullish momentum and it could rise to 1565.
=> this is where we are supposed to long or buy stocks.
2. if it reach the blue line and get rejected
=> the bearish will prevail and it can drop to 1460***
=> if SET dropped below 1460**, the downside would be 1300 and 1200 consecutively.
So it really needs to hold around 1460 and break the blue line.
For short term trading perspective,
=> as long as 1475 holds, the chart should try to reach blue line first.
Regards,
QuanTechTrader P.
TradersApprentice TA.
SET compare to SET exclude DELTA
SET:SET compare to SET exclude SET:DELTA \
on assumption that every 10Baht of DELTA effect 1 Pt of SET index
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