THAI : Will need to rally above 32 to confirm a reversal, and even then only for the VST
June 13, 2011 Leave a comment
THAI has strong resistance at 32. It might get close if there is a market wide ethnical rebound to 1040-050 or so, but that will need the US markets to bounce pretty quickly as well, so THAI could still go down from here.
Some may take a punt from 28 with a 4-5 spread stop and a target from 31 to 32.