MAKRO : Tide should turn soon
February 28, 2011 Leave a comment
MAKRO seems to have found support at and very near 136-137. Currently at 140, watch for a breakout and daily close or two above 142 as a good sign the tide has turned and the stock will head north for a while. A breakout above 142 places 160 or so as the first sing trade target, so entry near current rates with a 4 or 5 Baht stop seems worth the risk to us.