After a strong bullish run, SET managed to close with bearish candle that engulfed the larger indecision candle from the trading day before.
I would have been calmer if SET50 and S50 would have followed its sister, but they have not had a close over the June highs.
So let's ask us the question; is this the end of x-mas / Covid vaccine rally and time for a lager correction?
Well if the 1450 support doesn't hold, the gap support and fib.618 might very well be a good area to find new buyers. Although, I personally, would feel more at ease if SET went all the way down to fib.50, to find new buyers, so investors can get a healthy northern ride, with nice slow higher highs and higher lows.
I would have been calmer if SET50 and S50 would have followed its sister, but they have not had a close over the June highs.
So let's ask us the question; is this the end of x-mas / Covid vaccine rally and time for a lager correction?
Well if the 1450 support doesn't hold, the gap support and fib.618 might very well be a good area to find new buyers. Although, I personally, would feel more at ease if SET went all the way down to fib.50, to find new buyers, so investors can get a healthy northern ride, with nice slow higher highs and higher lows.
It's way to early to say but we should have an answer, by this weeks close