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Weekly Scan as of 19-Jun-2015 [ICHI, TMB, KTB]

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

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

SET Index was not much changed from last few week and came back to 1500 support zone. We are on the edge here with any significant break down below this support will trigger a catastrophe drop around 100 points. While the upside is still limited under the downtrend line. The rally through this resistance will have to battle two more resistance zone at 1550 and 1580.

set

ICHI dropped back to support zone around 20.25-20.75 Baht. We can choose to accumulate buy around this level or wait for price to go down to next support at 19.80-20.0 Baht. If price bounce from this level, it may test next resistance level around 21.50 before going down again.

wk1

TMB has been consolidated for more than a month. We may accumulate buy in this area preferably at 2.45. If price break down from this level, our next support will be around 2.20 Baht.

wk2

KTB dropped to 17.5-18.0 area as expected. If bear remains in control, we might see another leg lower to 15.5 support zone.

wk3

See you next week and happy trading!

 

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.