SET Banking Sector (Bank)

The SET Banking sector is showing signs of a significant reversal, but there may be a slight delay due to the recent issues on the local front. A breakout above 372 will surely come soon, so treat any near term weakness to the 350-355 range on the SET Bank index as a buying opportunity in your favorite counters. The sector faces resistance from 374 to 376 Wednesday, but we think 355 or so beckons, and for the near term downside risk due to Chamlong and friends shouldn’t be ignored

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