Breakout Stocks of Week 18 @ SET
NASDAQ was up last week (week 17) by 4.23% ending at 15,927.90 points after gaining 645.89 points during the week. Our system has detected some possible breakout stocks for the following week and these should be on your watchlist. These are the stocks that are bouncing up with good increase in volume and are likely to do good in short term. One of these stocks are CH. Karnchang Public Company Limited SET:CK-R. This stock has had a buy signal since Apr 26, 2024 when the price was ฿21.90 , but have so far fallen 0% to ฿21.90. Some other companies are on our watchlist to, among these are CH. Karnchang Public Company Limited SET:CK The Brooker Group Public Company Limited SET:BROOK Central Retail Corporation Public Company Limited SET:CRC-R and Siam City Cement Public Company Limited SET:SCCC-R which all got a breakout pattern emerging.
| Date | Company | Price | Week 18 |
|---|---|---|---|
| Ch. Karnchang Public Company Limited | ฿21.90 | ฿22.10 | 0.91% |
| Ch. Karnchang Public Company Limited | ฿21.90 | ฿22.10 | 0.91% |
| The Brooker Group Public Company Limited | ฿0.530 | ฿0.500 | -5.66% |
| Central Retail Corporation Public Company Limited | ฿34.00 | ฿32.25 | -5.15% |
| Siam City Cement Public Company Limited | ฿135.50 | ฿138.50 | 2.21% |
The CH. Karnchang Public Company Limited stock price fell by -0.455% on the last day (Friday, 26th Apr 2024) from ฿22.00 to ฿21.90. During the last trading day the stock fluctuated 1.84% from a day low at ฿21.70 to a day high of ฿22.10. The price has fallen in 5 of the last 10 days and is down by -4.78% for this period. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately ฿52.97 million.
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
About CH. Karnchang Public Company Limited:
Abico Holdings Public Company Limited, together with its subsidiaries, engages in dairy farming business. It manufactures and sells UHT and pasteurized milk, and fruit juices. It is also involved in office space rental and agricultural business. The company was incorporated in 1992 and is based in Lam Luk Ka, Thailand.
The CH. Karnchang Public Company Limited stock price fell by -0.455% on the last day (Friday, 26th Apr 2024) from ฿22.00 to ฿21.90. During the last trading day the stock fluctuated 1.84% from a day low at ฿21.70 to a day high of ฿22.10. The price has fallen in 5 of the last 10 days and is down by -4.78% for this period. Volume has increased on the last day by 2 million shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 2 million shares were bought and sold for approximately ฿52.97 million.
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
About CH. Karnchang Public Company Limited:
CH. Karnchang Public Company Limited, together with its subsidiaries, provides construction services in Thailand and the Lao People's Democratic Republic. The company offers engineering and construction services for infrastructure construction work, including roads, bridges, elevated roads, expressways, and building and industrial factory construction work, as well as mechanical and electrical equipment work comprising installation of equipment and machinery for various factories, etc.; and mass rapid transit systems, airports, and water supply and harbors. It also invests in infrastructure projects; sells construction materials; and rents construction equipment. The company serves government agencies, state enterprises, and private entities. CH. Karnchang Public Company Limited was incorporated in 1972 and is headquartered in Bangkok, Thailand.
The The Brooker Group Public Company Limited stock price gained 3.92% on the last trading day (Friday, 26th Apr 2024), rising from ฿0.510 to ฿0.530. During the last trading day the stock fluctuated 3.92% from a day low at ฿0.510 to a day high of ฿0.530. The price has been going up and down for this period, and there has been a -1.85% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 million more shares were traded than the day before. In total, 18 million shares were bought and sold for approximately ฿9.40 million.
The Brooker Group Public Company Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
About The Brooker Group Public Company Limited:
The Brooker Group Public Company Limited, together with its subsidiaries, engages in business and financial consulting, and investment activities in Thailand and internationally. The company provides investment banking and financial consulting services, such as mergers and acquisitions, loan refinancing, rehabilitation, and other capital raising on equity and debt securities; planning and negotiations services; and company valuation and advisory services on investments and joint ventures to multinational companies. It also offers capital for growing companies and leveraged buy-outs; and research services, including industrial market research, B2B market survey, customer satisfaction research, industry and trade surveys, market feasibility study, acquisition research, customized market intelligence/in-depth research, and product and service concept/development test. In addition, the company provides real estate consultancy services comprising specialized services in industrial and commercial real estate properties; transaction, advisory, location consulting, asset recovery, and special property services; and disposition and acquisition, advisory and consulting, and property management services. Further, it offers feasibility study, business plan and strategy, company structure and financing, management consultancy, and financial restructuring services for SME firms; and capital management services. Additionally, the company provides fund management services for foreign investors. The Brooker Group Public Company Limited was incorporated in 1994 and is headquartered in Bangkok, Thailand.
Central Retail Corporation Public Company Limited
SET:CRC-RNo changes to the price of Central Retail Corp Public Co Ltd stock on the last trading day (Friday, 26th Apr 2024). During the last trading day the stock fluctuated 2.24% from a day low at ฿33.50 to a day high of ฿34.25. The price has fallen in 4 of the last 10 days and is down by -7.48% for this period.
Central Retail Corp Public Co Ltd holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
No changes to the price of Siam City Cement Public Company Limited stock on the last trading day (Friday, 26th Apr 2024). During the last trading day the stock fluctuated 1.12% from a day low at ฿134.50 to a day high of ฿136.00. The price has fallen in 6 of the last 10 days and is down by -2.87% for this period.
Siam City Cement Public Company Limited holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Despite these candidates are looking good from a technical perspective they may not perform as expected. You should always be cautious when trading and base your decisions on more than one source of information. This does not constitute an offer or recommendation to buy or sell securities.
