PTT : 330 should hold, VST target at 344-346
March 6, 2011 Leave a comment
PTT underwent consolidation most of last week, and may, at worst dip to 330 or so before a rebound to 344-346, if not 350-353 on the back of strong crude prices.
For the stock to breakdown at 330 oil will need to crash back below 100, but even so, PTT has very strong support at and just below 320. News flow is also somewhat bullish for crude, with PTT not likely to stay depressed for long.