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...
They compare between PTTGC and TOP that short or mid-term TOP will more bullish than PTTGC.
If you hold PTTGC you should switch to TOP, Doesn't mean TOP will go up but if you hold GC there will have more Loss.
So let see what happen in the Future.
The reason that GC will underperform is about Spread of Petro Chemical. When Oil go down GC will gain but now Oil is...