pbfilogo

Weekly Scan as of 26-Jun-2015 [GLOBAL, PS]

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 rebounded from its support zone and touched the near resistance trend line. This is quite interesting. If price can break through this resistance, it has potential to visit next resistance zone above 1550. However, any weakness from the market will bring SET back down to 1500 support zone.

set

GLOBAL got a big push on last Wednesday to its resistance zone around 9.0 Baht. If bull in control, price may be push to test next resistance from down trend line around 9.25 then 9.80-10.00 Baht. Keep in mind that this down trend is quite strong and we may see it test and fail again.

wk1

PS moved from its low at 24 Baht and formed a higher high, higher low in process. Price now stayed at its resistance zone around 26 Baht. Price may retrace back to its support line (green dash line) and resume its uptrend or it can run away to its next resistance at 30.5 Baht. In case of strong bear, we can watch price retreat to its support zone at 23.5 which we can accumulative buy at that level.

wk2

GJS monthly chart since 1996 tell us all about the story of this company. Price has slid from its high around 160 to some handful of Satang. Well, best strategy for stock like this is to invest when price reach 0.01 Baht!!! GOOD LUCK!!

wkx1

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.