LH : If 5.30 fails, chances are we’ll see 4.9x again.
March 17, 2011 Leave a comment
LH has rather decent support from 5.30 to 5.40, and under normal circumstances we would say BUY here. The recent low on Feb 7th was 5.20, and as with other blue chips we can rule out an overshoot to the downside, which in this case could be a dip to 5 or slightly lower.
Sad as it is, the nuclear problem in Japan certainly has the ability to panic Thai stocks to levels that should have been safe from a retest just yet.