$BCH #Thailand #SET #Index #Bangkok #Chain #Hospital #Stocks
Bangkok Chain Hospital
Target Price: THB17.56
Bangkok Chain Hospital Public Company Limited is a Thailand-based company engaged in the hospital operations and healthcare services.
The Company and its subsidiaries operate private general hospitals, including Kasemrad Bangkae hospital, Kasemrad Prachachuen hospital, Kasemrad Sukhapibal 3 hospital, Kasemrad Rattanatibeth hospital, Kasemrad Saraburi hospital and Kasemrad Sriburin hospital.
It provides inpatient and outpatient services with 24 hour emergency services.
The Company operates specialized medical centers, such as heart surgery center, catharsis lab center, cancer center, and Lasik and eye center.
It also operates community-based clinics, which mainly serve patients under universal scheme, as well as personality and health improvement services, such as wellness center and cosmetic surgery center, among others.
Shayne Heffernan Trade Idea
“Our current price target of Bangkok Chain Hospital will come in around THB17.56 giving the stock a price increase of +17.85%.”
Overall, the bias in prices is: Upwards.
Note: this chart shows extraordinary price action to the upside.
The projected upper bound is: 15.63.
The projected lower bound is: 14.24.
The projected closing price is: 14.94.
During the past 10 bars, there have been 3 white candles and 5 black candles for a net of 2 black candles. During the past 50 bars, there have been 17 white candles and 26 black candles for a net of 9 black candles.
A gravestone doji occurred. This often signifies a top (the longer the upper shadow, the more bearish the signal).
A long upper shadow occurred. This is typically a bearish signal (particularly when it occurs near a high price level, at resistance level, or when the security is overbought).
Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.
One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 58.8235. This is not an overbought or oversold reading. The last signal was a sell 9 period(s) ago.
Relative Strength Index (RSI)
The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 57.79. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 76 period(s) ago.
Commodity Channel Index (CCI)
The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 108.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a sell 6 period(s) ago.
The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 4 period(s) ago.
Rex Takasugi – TD Profile
BANGKOK CHAIN HO closed unchanged at 14.900. Volume was 23% below average (neutral) and Bollinger Bands were 54% narrower than normal.
Open High Low Close Volume 14.900 15.100 14.900 14.900 7,863,400
Technical Outlook Short Term: Neutral Intermediate Term: Bullish Long Term: Bearish
Moving Averages: 10-period 50-period 200-period Close: 14.82 14.27 14.92 Volatility: 26 32 53 Volume: 7,075,000 9,908,944 10,864,836
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
BANGKOK CHAIN HO is currently 0.1% below its 200-period moving average and is in an upward trend. Volatility is relatively normal as compared to the average volatility over the last 10 periods.
Our volume indicators reflect volume flowing into and out of BCH.BK at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on BCH.BK and have had this outlook for the last 62 periods.
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