MBK: Buy Supportive: B15.30 Resistance: B16.50

May 27, 2015
MBK: Buy
Supportive: B15.30
Resistance: B16.50
Source: Bloomberg and ASPS
Analysis:
• MBK has 80% probability of moving in the same direction with THB over the past 20 days. A technical
sign is also unusually good, recently rising 1.9% against -0.67% of the market.
• The price has climbed up day by day over the past 10 days and hit a peak of B15.70 yesterday;
although the price weakened slightly to B15.40 by the close, closing above a 200-day moving average
of B15.30 is a good enough sign.
• MACD is testing a resistance range of B0.32; if it can pass this obstacle, the breakout momentum would
push the price to the next resistance ranges of B15.70 and B16.50, respectively.
• Buy, aiming to take profit at B16.50 and cutting loss at B15.30.
Prakit Siriwattanaket
License No.: 031178
prakit@asiaplus.co.th
Chanchai Pantathanakij
Analyst Assistant
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