THAI : Sell on the rebound unless oil falls below $ 95
February 27, 2011 Leave a comment
On Feb 22nd we said THAI might be worth a punt at 37.00-37.25. The stock hit a low of 36 last Thursday, closed at 37.25, and should rebound to 38.25-38.50 on Monday.
However it will need at least one if not two daily closes above 39.50 and preferably 40 to turn the VST trend around, so keep an eye on NYMEX Crude for a breach of support at US$ 95 which will be a good sign for the airlines.