Technical Analysis of BD Thai on 19 Jan 2017: Part 2

Technical Analysis of BD Thai on 19 Jan 2017 (after trading hours)

Hope you enjoyed the first leg of the virtual trip on Thai which gave market beating returns for an “average” company”: http://imti77az.blogspot.com/2016/12/technical-analysis-of-bd-thai-on-16-dec.html

I am assuming the first run ended on 17 Jan 2017 at 32.5

Now, it’s time for the aircraft to re-fuel.

During this time, we could look at possible Fibo retracement scenarios.

Technically, if BD Thai falls on declining volume to around 24-26 zone and then reverses on a “good” candle – one could board the second flight (~27 is 38% Fibo level).

Stop loss would be 23 when the flight needs to be abandoned!!!

*(Note: TA is not a Science; it works 60-70% of the time so don’t be hooked on to the exact numbers – please allow some flexibility).

Best wishes . . .