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 |
Join our telegram channel on technical analysis for trends, entry and exit prices over Stocks, ETFs, and Indices!
Featuring regular TA posts and requests to analyse specific stocksI 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).