PTT Public (PTT) : Wait….unless oil rebounds above US$ 89.50

PTT should pullback to 325-326 Thursday, unless crude futures rebound and hold above US$ 89.50 (currently CL0Y is trading at 87.53). The stock has stronger support at 320 and even more so at 313-315, and at this stage it is preferable to wait for lower prices before entering again – or for those who sold at 340 or so.

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