Weekly Scan as of 05-Jun-2015 [KBANK, TMB, KTB]

Each week, we scan for securities that reached its support/resistance zone and have potential to rise. All charts present here are weekly chart, unless specified otherwise.

WARNING. This is not a suggestion to buy or sell.

SET Index is able to stand at 1500 support zone. We are on the edge here with any significant break out below this support will trigger a catastrophe drop around 100 points. While the upside is still limited with the downtrend line. The rally through this resistance will have to battle two more sell zone at 1550 and 1580.

KBANK formed a bullish engulfing pattern as price entered the resistance zone. If the bear is still in control, price may goes down and test the low at 190. On the other hand, the bull may run and face its resistance around 220.

TMB has stood above 2.4 for 5 weeks already and trading in small range between 2.4 – 2.6. Overall long term trend is mildly bullish, we can accumulate by around this zone or 2.2 Baht for more margin of safety. Any break out of this trading range might trigger price to face next support/resistance at 2.2 or 2.75.

KTB formed a bullish pinbar at the support zone around 17.5-18.0. On the bull side, we can consider buying when price is above 18 Baht or we can wait and buy below 18 Baht and place stop loss a little bit below the low if the pinbar. The break below this pinbar may trigger another leg lower to 16.4 Baht.

Good luck trading and see you next week!

About Alan Maleesatharn

CEO & Co-Founders of Polar Bear Fishing International, full time data manager and biostatistician at Siriraj hospital, a father to lovely wife and adorable son.