TRUBB Jumps 4%, Analyst Recomm. “BUY” with Given Resistance Level at ฿3.0

The share price of Thai Rubber Latex Group Public Company Limited (TRUBB) rose ฿0.10/share or 3.76% to ฿2.76/share as of 16:16 local time in Thailand, with a trading value of 454 million baht. The price reached its peak at ฿2.98/share or +12.03% at the opening bell in the afternoon session on April, 30.

Phillip Securities maintained a “BUY” rating on TRUBB, giving a support at 2.62 baht and a resistance at 2.94 baht and/or 3.00 baht, while cut loss is at 2.60 baht. The share price has already challenged the resistance level at 2.74 baht range. Meanwhile, MACD has entered an upward trend, hence, Phillip recommended short-term speculation.