Technical Pulse: Airports of Thailand Public Co. (SET: AOT) May 30, 2023 305

 

Airports of Thailand Public Co. (SET: AOT) Potential retest of the rising wedge support.

 

  1. The price faced resistance upon retest of the THB$73.50 level recently following a breakdown in March
  2. The price could find support upon retest of the THB$69 level at the rising wedge support, which is confluent with a previous horizontal resistance level from November 2020 to May 2022

 

 

CHART LEGEND

 

Red box = Resistance zone

Green box = Support zone

 

About the author

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Zane Aw
Technical Analyst
PSR

I analyze the stock market and conduct technical analysis to provide investment recommendations. I look forward to having a conversation with you in our in-house seminars and presentations to identify good risk-reward trading strategies together. I graduated from Nanyang Technological University with a Bachelor of Accountancy (Honours).

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