PTTAR : Significant support at 35-36

PTTAR continues to suffer from institutional selling it seems, but the stock does have decent support from 35 to 36, and could offer another bounce from this range over the near term.

Given the counter has quite a heavy band of overhanging price pressure from 38 to 40 it is not a top pick by any means. If however 35 holds for another week or two then we should expect a relief rally top between 38 and 40, and possibly higher if the SET successfully breaks above the 1000 mark.




Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: