Heading to target.
Very nice bottom with good recent
volume. The only obstacle is the previous high at 19. If
that passes, target has a good chance.
Nice bottom potential. But volume
does not impress.
Nice bottom with good recent volume.
Good chance of target.
Still in the doldrums. We'll worry
about the top scenario if we see a fall below 1,450.
Top in pink is clear and points back
to 450. If that target is reached, it is quite likely
that the top for the index in the chart above will break
out. The alternative scenario is that the index finds
support at the current level or slightly lower and
cancels the top. We shall see.
Nicely supported with good recent
volume. Fair chance of target, most likely dependent on
the trend of the rest of the market.
Failure of orange support is bearish.
Top breakout is bearish, as is the
descending pink channel. However, support in orange
needs to break before we can be confident about target
Nice little short term bottom
with excellent volume gives target of 16.8.
Top is bearish and points to 16.
But there is fair support at the current level and
good support at 18 which might just interrupt the
fall. Look to the banking sector chart, above for
Top potential in green but
support in orange is still strong and the prevailing
trend is bullish. We'd need a close at 8.8 to
trigger the top target of 7.5.
Baht seems to be following the
green channel rather than moving to target in blue.
Of course if the current bearish trend continues,
the baht would reach target of 35 by March 2016 - in
about ten months. We shall see.
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