Method series: we take a chart-reading technique from a world-class technician, retell it with the source credited, then extend it with our own method (RS + base). This round's source: Brian Shannon (AlphaTrends) — [watch the original](https://www.youtube.com/watch?v=Dhcs-RJuqwM)
When we read a chart we usually ask "where's support?" Brian Shannon offers a sharper frame: **real support is the average cost of everyone who owns the stock — and the tool that measures it is Anchored VWAP (AVWAP)**.
What he teaches (key points)
- What VWAP is — the volume-weighted average price (price×volume ÷ total volume): "the average price everyone actually paid." - Anchored VWAP — instead of resetting at the open, you anchor the measurement to a meaningful point in the past and measure the average cost from there to now. - Why it's the institutional line — Brian cites Ken Griffin (CEO of Citadel, ~35% of US trades): *"Virtually all the trades we do are VWAP trades."* Big players fill large orders near the average, so they bid to defend the VWAP — which is exactly why AVWAP acts as support/resistance. - 3 anchor categories: 1. Events — earnings day, Fed meetings, FDA/tariff news: "institutions that wanted in on earnings still benchmark from that day." 2. Significant prices — prior highs/lows, year-to-date: "cross the prior high and everyone who bought the downtrend is now in profit = buyers are in control." 3. Time — daily / week-to-date / month-to-date VWAP (the cost basis of institutional programs in that window).
Our view: how to use it on Thai stocks
(This is MOEasymmetry's own extension.)
Thai stocks have big-money accumulators too — AVWAP lets us see their cost:
| Where to anchor | What it tells you |
|---|---|
| Earnings / big-news day (volume spike) | The cost of those who entered on the news — price often dips back to it and finds bids |
| A significant low (e.g. a base we scanned) | The cost of those who bought cheap — revisits are often precise support |
| A prior high | Cross it = trapped holders freed = buyers in control |
Where AVWAP complements our method: we screen with RS (strength) + base structure — AVWAP adds the "institutional cost" dimension. A breakout that holds above the base's AVWAP is one where big money is in profit and ready to defend — more trustworthy than a breakout still below its own cost.
How to use it (Thai examples)
Try it on RS leaders basing now — KCE (RS 95), DELTA (RS 93), HANA (RS 92), or large caps like AOT, CPALL:
1. Anchor at the base — the base low of a strong-RS name; is price above that AVWAP? (above = buyers in control) 2. Use it as support on pullbacks — after a breakout, if the dip holds the base AVWAP, structure is intact — keep holding. 3. Know when you're wrong — losing the AVWAP and the base low = institutional cost broken → exit on your rule.
In short: RS says which is strong · the base says where to enter · AVWAP says whether big money is still in control.
Source: a summary of the Anchored VWAP presentation by Brian Shannon (AlphaTrends) — [watch the original](https://www.youtube.com/watch?v=Dhcs-RJuqwM) · we summarize and extend it with our own RS + base method, not a word-for-word translation.
This article is for education and research, not investment advice · manage your own risk.