Each week, we scan for securities that reached its support/resistance zone and have potential to rise. All charts present here are weekly chart, unless specified otherwise.
WARNING. This is not a suggestion to buy or sell.
CPF was sold of from bearish pin bar in mid April and we saw it rebound back last week, forming higher low in process. If price can follow the bullish momentum and break through bearish pin bar tail of 24.5, its next resistance we aim for is 25.5 Baht.
KTB rejected to go down and forming double bullish pin bar for second week consecutively. A strong push is needed for price to go north for 22 Baht. If price drop passed the tail of bullish pin bar, we will consider buying again around its next support at 17.5-18.0 Baht.
TRUE formed an inside bar. A break above mother bar may lead price to next resistance of 13.5 Baht. While a drop below low of mother bar may drag price down to 10 Baht level. Also don’t forget that we have Three black crows before an inside bar occurred, the short term momentum is still bearish. Trading counter trend/momentum is a bit risky.