BANPU : Held back by resistance at 770 for now

We remain long term very bullish on BANPU, and would not consider selling such holdings anytime soon.

However for the short term the stock faces a key resistance and turning point at 770, and when taken out there will be a continuation on to at least 800-810 and possibly nearer 820.

If there is a brief pullback from to nearer 740 consider buying again, but we doubt very much it will go below 728 anytime soon, with more chance of a breakout move past the 770 resistance.

 

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