The big banks : Still danger on those charts
June 11, 2011 Leave a comment
On May 22 we cautioned KTB would dip to 16.80-17.00 when it was trading at 19.20. There is a decent chance it will come off to 15.90-16.20 before the election, possibly this week, then post another rebound. As such we are buyers nearer the 16 mark with a rebound target range from 17.40 to 17.60
For BBL we think there is room for a dip to or very near 140 this week, and all but sure if the SET closes below 998 on a daily chart.
SCB is expected to hit 99-100, maybe 98, and KBANK can revisit 100 or so as well, with 105.50 its first stop after taking out last week’s low of 108.50