Previous bottom bounce failed so here's another attempt for potential long opportunity.Target - 37-40 THB (previous support/VWAP from IPO) Key Observations:
- Break out of previous high created in March 2022 - Break out of volume shelf at the bottom (668M shares traded vs 442M shares float)
@dukeposh - Indeed, I'd close position 50% if it breaks below volume shelf at 23.4/23.5 and remining 50% are set below previous low (22.2 THB).
Trade would be invalidated and would be on sidelines waiting for another round of consolidation followed be either an eventual rally up/break down below previous lows. The former seems a better choice considering the relative strength of KEX vs the market over the previous weeks.