SCGP - TFW Wave Target Reversal Projection - Bull Trap A potential bull trap scenario with one more wave downtrend.
1. First correction - Extended flat ABC
Wave B retraced 78.6% / w.a and w.C: extended 161.8% of w.A
2. Complex triangle ABCDE pattern
3. The current downtrend wave doubled zigzag ABC pattern with wave 4 in c leg targeting 38.2-50 % retrace
0.7 THB
3.70 B THB
132.78 B THB
About SCG PACKAGING PCL
Sector
Industry
CEO
Wichan Jitpukdee
Website
Headquarters
Bangkok
Founded
1965
ISIN
TH0098010R12
FIGI
BBG00R950Z83
SCG Packaging Public Co., Ltd. is a consumer packaging solutions provider. Its products and services include fiber packaging, performance and polymer packaging, medical supplies and lab ware, food service products, and pulp and paper products. The company was founded in 1965 and is headquartered in Bangkok, Thailand.
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A new era: a departure from the past three decades.SCGP and its paper cartel have experienced a decline in their dominant position within the domestic market, where they previously maintained a strong monopoly and significant control. Historically, the paper packaging industry in Thailand has been recognized as one of the most expensive globally, la
SCGP and WTZ3 in DowntrendWhile market and most stocks move in downtrend, holding stocks or trading opposite the trend is not strategic idea. I try to pick up stocks moving in the same trend or early downtrend. SCGP is another one to use Surf on the wave technique to trade on the continuous trend. Swing trade setup is als
SCGP | Dragon Rectangle | Entry @ Doubled Bottom BreakoutPrice Action & Chart Pattern Trading Medium-Term Setup
> Dragon Rectangle - Doubled Claws / Bottom Breakout signal
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> Smart Money and Banker Chip Volume support
> BBD Banker bullish signal above baseline
> Fundflow bottom with reversal pattern
> KDJ Stochastic on uptrend ribbon
RR: 2:1
SCGP | Inverted Head & Shoulders | Buy signal - TP 68.50 (+11%)Thailand SET | SCGP | Target Price 68.50 | Resistance 64.00 EMA50 POC VA | Stop Loss 59.00
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Summarizing what the indicators are suggesting.
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Moving Averages
Neutral
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Moving Averages
Neutral
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Displays a symbol's price movements over previous years to identify recurring trends.