Thai Military Bank (TMB)
February 8, 2011 Leave a comment
TMB tested key week chart resistance at 2.24 today, but may need a little more time before it successfully penetrates this level. A brief pullback to 2.12 looks likely but if this level holds then another retest of 2.24 will not take long. With major support from 1.90 to 1.93 or so, TMB is a buy in this range if the broader markets take a hit this week due to local issues. Also keep I mind a follow buy trade when 2.24 is eventually taken out, with 2.48 an easy first target for short term trades.