SamuiTrader

Yet, again I ask myself the question; where is SET going?

SET:SET   SET Index
SET has been consolidating now for a while, hope you haven’t been greedy and has taken out your short term profits, since early June.

So what happened today?
Did SET fool traders, with a false breakout, or is it simply retesting the breakout? Well, if we tomorrow get a Gap and Go, it could be a bullish ride worth to follow for, a while.
If today’s pattern of a Bearish Engulfing is confirmed by SET tomorrow, then I hope all traders out there, do use a stop-loss to protect their losses.

Happy trading!
Penafian

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