BANK Sector : Next target 446 then 456-462
July 22, 2011 Leave a comment
Currently at 430, a level not seen since the last century (1998) there is more to come, with 446 then 450 or so likely to be tested in the near term. At such prices the sector might need to consolidate before the next big move in Thai banks, which will have 520 to 540 as its target.
Decent support is building in and around the 400 mark, so any correction will not be too severe.