dukeposh

THAILAND SET: PTTGC - SPECULATIVE BUY TP1 - 67.50 STOPLOSS 63.00

Long
SET:PTTGC   PTT GLOBAL CHEMICAL PUBLIC COMPANY
THAILAND SET: PETROCHEMICAL SECTOR | PTTGC

CURRENT PRICE: 64.50
BREAK OUT VOLUME POINT OF CONTROL: 63.00 and previous high

Reasonably good buy position for speculative TARGET PRICE 1 @ 67.50 (5.4%) at mini Wave 5 position.

Stop Loss: 63.00 (current POC)

>Strong Foreign fund flow (NVDR) - hit the highest daily chart at +450 mil baht / day
>Strong Banker fund flow
>RSI almost hit overbought, still have room to go further

RECENT NEWS UPDATE: PTTGC announces the end of the share repurchase program, totalling 22.30 million shares, receiving 1.35 billion baht. To increase financial liquidity