Analysis on SET INDEX: After the target hit, what comes next

2 авг.

Dear All

Currently, SET INDEX has reached 1245- 1250 and on the first day, it can hold at this level.

However, once the tax news released, not only it fail to make new high, it fell drastically.

As a result, it can be concluded that the upward momentum is now ceased.

Also, with the big red, the set is entering the new stage.

the case is as followed,
1. most likely went down to around 1190-1200.

After which it should either
1.1 can hold at 1190-1200 and go back to retest the high 1250 once more
1.2 can not hold at 1190, it should be expected to 1110.

Best of luck
Not a trading advise.
Trader PP

6 авг.

Сделка активна

The analysis is now off the mark,

As it should come down to 1190-1200 first, instead it made a new high.

So, it is wrong, if short => cut loss, if long => hold