PTTEP : If 188 manages to hold, fine, otherwise 183 or so.

PTTEP could hold at 188 or more on a weekly closing basis, although we would prefer it to come down a tad for a cheaper re-entry trade, but with decent support at 185 to 183, bargains here will need a good 5%+ correction in crude if they are to forthcoming. Indeed a dip to 177-180 can not be entirely ruled out, but given there is no major drop in commodities, or a rise in the USD…or a big foreign sell-off, the stock should hold reasonably firm and at least post one more attempt at the 200 mark.


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