Weekly Scan as of 22-May-2015 [GLOBAL, LPN ]

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 had not much to say except key support at 1500 still hold. Any break down below this support might trigger a catastrophic downfall.

GLOBAL is still in downtrend yet it stay at its half year support around 9 Baht. Any break below this level may lead price to next support at 8 or even 6 Baht. If bullish come back, we expect to be very short live unless the bull is strong enough to break the major downtrend since 2013.

LPN rallied for 4 years from its bottom at 2009 to 2013 and trade in range between 14-28 Baht after that. Currently, it formed an inside bar during the past 2 weeks. Given the overall downtrend since late 2014, we might take action cautiously to buy this stock. Any break up from the mother bar would push price to 19 Baht and may face some resistance. In the other hand, we will wait and consider buying again at 14 Baht if price break down through low of the mother bar.

KTB (quick update); Price broke through its short term support at the low of previous two pin bars. We can wait and see if price can stay firm around 17.5-18.0 Baht and consider accumulate buying of this stock. We can wait further and buy around 15.5-16.0 Baht for more margin of safety too.

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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.