BANPU : Outlook for Feb 21st
February 20, 2011 Leave a comment
BANPU needs to break and hold above 768 to turn the chart over to the bulls in a big way, and indeed if it manages to do so, it will validate a technical target near 820.
The stock closed the week at 760 and has initial support at 754-756. If this support holds, which looks likely, then the 768 on to 774 will be the very near term target for the counter, but a move to as high as 794, even 800 is possible if volume increases to 5-6m shares for a day or two. Consider entry at 754 or so.