BCP Long Trade Setup – Potential Bounce from Swing Lows

Dec 12, 2024

📉 Stock: Bangchak Corporation PCL (BCP)
💰 Current Price: 29.50 THB

📊 Trade Idea:
Price is currently trading near swing lows around the 29 THB zone, shown in the blue highlighted demand zone. Historically, this level has acted as a strong support, with prices bouncing to the upside after touching this zone.

If the pattern holds, I anticipate a bounce from this level, providing a potential upside opportunity with profit targets at:
1. 📈 32 THB
2. 📈 33 THB
3. 📈 34 THB
4. 📈 39 THB

This setup offers a favorable risk-to-reward ratio with clear levels to capture profits as the price rises.

⚠️ Stop-Loss: Consider setting a stop-loss below the swing low to manage risk in case the support fails.

🚨 Disclaimer: This is not financial advice. Please do your own research and consult a financial professional before making any trading decisions.

Let’s see if this support holds! What are your thoughts on this setup? 💬

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