CHAYO’s Price Jumps 6.5%, Analyst Recommends Profit Taking at ฿5.5

The CHAYO's price jumped 6.5%, while the analyst recommended profit taking at ฿5.5.

Regarding the report, the share price of Chayo Group Public Company Limited (CHAYO) yesterday closed at 5.70 baht/share, increased 0.35 baht or 6.54%. Reached its peak at 5.75 baht/share and hit the lowest point at 5.30 baht with a trading value of 118 million baht.

The Asia Plus Securities suggested to invest on a target price for profit taking at 5.50 baht and cut loss at 4.98 baht. Within 60 minutes the share price has moved sideways between 5 baht and 5.20 baht. 

The analyst sees an opportunity to buy for profit-taking while RSI is at 50, showing a potential for further gain and entering bullish zone.