BANPU : Key supports at 742….then 728 down to 720
April 28, 2011 Leave a comment
BANPU has been a little disappointing during this rally, albeit after hitting our swing trade target at 780. There looks to be some chance 742 may not be able to hold it over the very short term, but if there is a dip to 728, even 720 or so it will likely see fresh buyers emerge.
A close above 760 is needed over the next session or two to put pay to downside potantial on the chart, but for now we are hesitant to re enter, and prefer to wait and see how it trades next week before looking more seriously at buying once again.