Technical Pulse: CP All Public Co. Ltd (SET: CPALL) May 30, 2023 91
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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 |
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CHART LEGEND
Red box = Resistance zone Green box = Support zone |
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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).