BANPU : Held back by resistance at 770 for now
March 29, 2011 Leave a comment
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.