Analysis on SET Index

Jul 8, 2023

Hi 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.

Jul 14, 2023

Note

To cautious around 1515 cause if it cannot pass this,

Selling force will come, which can be either trivial or significant.

The political situation seems in favor of the market.
The only main risk now is the mob and its intensitiy.

Jul 17, 2023

Note

To update,

It broke 1515 which is a good sign.

Now it reached 1530 which can be considered touching down trend line.

the decisive force will come soon,

if bull force comes, recommend buy.
if bear force come, recommend sell.

Simple as that