Breakout Stocks of Week 27 @ SET
NASDAQ was up last week (week 26) by 0.244% ending at 17,732.60 points after gaining 43.24 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 Jasmine Telecom Systems Public Company Limited SET:JTS. This stock has had a buy signal since Jun 28, 2024 when the price was ฿56.25 , but have so far fallen 0% to ฿56.25. Some other companies are on our watchlist to, among these are Kasikornbank Public Company Limited SET:KBANK-R Kasikornbank Public Company Limited SET:KBANK Tipco Asphalt Public Company Limited SET:TASCO and Tipco Asphalt Public Company Limited SET:TASCO-R which all got a breakout pattern emerging.
| Date | Company | Price | Change |
|---|---|---|---|
| Jasmine Telecom Systems Public Company Limited | ฿56.25 | ฿55.50 ( 2nd Jul 2024 ) | -1.33% |
| Kasikornbank Public Company Limited | ฿125.50 | ฿124.50 ( 2nd Jul 2024 ) | -0.797% |
| Kasikornbank Public Company Limited | ฿125.50 | ฿124.50 ( 2nd Jul 2024 ) | -0.797% |
| Tipco Asphalt Public Company Limited | ฿16.00 | ฿15.90 ( 2nd Jul 2024 ) | -0.625% |
| Tipco Asphalt Public Company Limited | ฿16.00 | ฿15.90 ( 2nd Jul 2024 ) | -0.625% |
The Jasmine Telecom Systems Public Co Ltd stock price fell by -4.26% on the last day (Friday, 28th Jun 2024) from ฿58.75 to ฿56.25. During the last trading day the stock fluctuated 6.22% from a day low at ฿56.25 to a day high of ฿59.75. The price has fallen in 5 of the last 10 days and is down by -8.91% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -454 shares and in total, 572 thousand shares were bought and sold for approximately ฿32.16 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 Jasmine Telecom Systems Public Company Limited:
Jasmine Technology Solution Public Company Limited engages in the design and installation of telecommunication systems, and telecom service and other businesses in Thailand. The company also provides computer systems integration and cloud computing services; smart closed-circuit camera and hyper-converged infrastructure systems; and maintenance services for computer hardware and other peripheral equipment, as well as develops and distributes software. In addition, it offers server and client computer, firewall and data security, smart building management, cloud infrastructure-as-a-service, and cloud software-as-a-service systems; backup solutions for preventing ransomware; and data, fiber optic, and LAN networks. The company serves government agencies, state enterprises, private companies converted from state enterprises, private small and medium enterprises, and large private companies. It has a strategic collaboration agreement with KT Corporation for the operation of the data center and cloud service business. The company was formerly known as Jasmine Telecom Systems Public Company Limited and changed its name to Jasmine Technology Solution Public Company Limited in October 2021. Jasmine Technology Solution Public Company Limited was founded in 1995 and is headquartered in Nonthaburi, Thailand.
The Kasikornbank Public Company Limited stock price fell by -0.397% on the last day (Friday, 28th Jun 2024) from ฿126.00 to ฿125.50. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.20% from a day low at ฿125.50 to a day high of ฿127.00. The price has fallen in 6 of the last 10 days and is down by -3.46% for this period. Volume has increased on the last day by 3 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, 11 million shares were bought and sold for approximately ฿1.33 billion.
Kasikornbank Public Company Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
About Kasikornbank 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 Kasikornbank Public Company Limited stock price fell by -0.397% on the last day (Friday, 28th Jun 2024) from ฿126.00 to ฿125.50. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.20% from a day low at ฿125.50 to a day high of ฿127.00. The price has fallen in 6 of the last 10 days and is down by -3.46% for this period. Volume has increased on the last day by 3 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, 11 million shares were bought and sold for approximately ฿1.33 billion.
Kasikornbank Public Company Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
About Kasikornbank Public Company Limited:
Kasikornbank Public Company Limited, together with its subsidiaries, provides commercial banking products and services in Thailand and internationally. The company's personal banking products and services include savings, current, fixed deposit, and foreign currency accounts; personal, home, and auto loans; debit and credit cards; life and non-life insurance products; investment products, such as mutual funds, stocks, and derivatives/futures exchange; money transfer and bill payment, cheque and draft, and foreign exchange services; and digital banking services. It also offers various products and services for small and medium enterprises, including savings, current, and fixed deposits; working capital, commercial, and special loans, as well as letters of guarantee; collection and payment services; life, non-life, and group insurance products; and import, export, and money transfer services. In addition, the company provides various products and services for corporate customers, such as cash management solutions, including current, savings, special savings deposit, and fixed deposit accounts, as well as collection, payment, liquidity management, and electronic service solutions; international trade solutions comprising import and export, global money transfer, guarantee, and trade finance solutions; working capital loans, term loans, special loans, and letters of guarantee; supply chain financing; life, non-life, and group insurance products; and foreign exchange and derivatives, corporate finance, securities, investment, and business card services. Further, it offers auto and equipment leasing, and venture capital management services. The company operates 839 branches. Kasikornbank Public Company Limited was founded in 1945 and is headquartered in Bangkok, Thailand.
No changes to the price of Tipco Asphalt Public Company Limited stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0.629% from a day low at ฿15.90 to a day high of ฿16.00. The price has fallen in 6 of the last 10 days and is down by -1.23% for this period.
Tipco Asphalt Public Company Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
No changes to the price of Tipco Asphalt Public Company Limited stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0.629% from a day low at ฿15.90 to a day high of ฿16.00. The price has fallen in 6 of the last 10 days and is down by -1.23% for this period.
Tipco Asphalt Public Company Limited holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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.
