Stock with Momentum: PTT Exploration & Production

April 4, 2024

In today’s fast-paced stock market, understanding the subtle cues of technical analysis is key to smart investing.

In this article, we’re focusing on PTT Exploration & Production PCL (SGX: TPED), whose positive price action is looking at a potential break to the upside.

Below are some key highlights from the technical report:

PTT Exploration & Production PCL

  • Market Position: PTT Exploration & Production is designated as a ‘Technical Buy’ at the last price of S$5.77.
  • Entry Prices and Support Levels: Suggested entry prices are S$5.77, S$3.25 and S$3.16, with key supports at S$5.50 and S$5.20.
  • Stop Loss and Resistance Levels: A stop loss is advised at S$2.98, with resistance points at S$5.90 and S$6.58.
  • Target Prices: The analysis sets target prices at S$6.14, S$6.40, S$6.58, and S$6.60.
  • Company Overview: PTT Exploration and Production, a subsidiary of the Petroleum Authority of Thailand, explores for crude oil and natural gas, develops fields for production, and produces oil and natural gas.

For a more detailed analysis, click on the link to access the report.

Take advantage of the stock momentum

Our goal is simple: to provide you with clear, actionable insights from the complex world of stock charts and trends. Whether you’re a seasoned investor or just starting out, our analysis is designed to help you navigate the market with confidence.

Please refer to the attached report for the disclaimer.