SamuiTrader

Where is SET going??

SET:SET   SET Index
SET is building up power to, either go bullish or collect more strength further down south. In a purely technical sense I am neutral, until it has closed in either direction of the last 5 days triangle pattern. Although the market has shown that the underlying sentiment is bullish. So my primary target is therefore, to go in the northern direction, to at first test the last highs around to 1450. If it is not happy with where it’s at now and needs to go further down south, then I see a couple of targets on the downside. First is at the long-term support around 1315 and secondly to test the gap island (from the Covid panic fall), around 1250-1300, I can also find FIB.618 at 1285 so just in the middle of my first target south of where SET is at now.
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