PTT : Should retrace to the low 300’s in coming weeks.

PTT has first main support at 350-352.  It may take until July before it comes off to nearer 300-310, but we think the chances of this are high, and do not see the stock passing 368-370 easily now.

The oil price is of course a major factor and there are worries there too, albeit with a dead cat bounce scenario possible before a steep correction starts in earnest.

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