PTTEP : Support at 150 will not hold it this time
September 22, 2011 Leave a comment
We suspect PTTEP will retest the year to date low at 150 rather soon, but this is unlikely to hold for long. A dip to 138-140 looks very likely, and indeed it could go to nearer the 2010 low at 129 during the first part of Q4 2011.
Sell any rebound that transpires over the next week or so.