PTTAR : Significant support at 35-36
March 7, 2011 Leave a comment
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.