SCB : Next target 126-128 then 134 to 137
May 1, 2011 Leave a comment
SCB has held nicely of late, and we think it will soon pop the recent high of 119 and rally another 8-9 Baht quite quickly on the breakout.
Consider buying near current rates (116) or on a volume supported breakout at 119. We doubt the stock will miss this chance to at least try for 134 to 137, but at such prices there could well be a correction, albeit not this week…or next.