Technical Pulse: CP All Public Co. Ltd (SET: CPALL) May 30, 2023 254

 

CP All Public Co. Ltd (SET: CPALL)  Potential retest of the uptrend support line in a consolidation triangle.

 

1.      The price has been trading in a consolidation triangle as it faced resistance upon retest of the THB$67 level recently, which was a horizontal resistance level from August 2020 to March 2022

2.      The price could find support upon retest of the THB$61.50 level at the consolidation triangle’s uptrend support line as it has been making higher lows

 

CHART LEGEND

 

Red box = Resistance zone

Green box = Support zone

About the author

Profile photo of Zane Aw

Zane Aw
Technical Analyst
PSR

I analyze the stock market and conduct technical analysis to provide investment recommendations. I look forward to having a conversation with you in our in-house seminars and presentations to identify good risk-reward trading strategies together. I graduated from Nanyang Technological University with a Bachelor of Accountancy (Honours).

Get access to all the latest market news, reports, technical analysis
by signing up for a free account today!