Daily Market Outlook

Daily Market Outlook for the world and local financial update

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Sawasdee - Oct 20, 2017

Investment Theme: Rest base; bad news hanging onSupport: 1680, 1672 Resistance: 1700, 1710

Market Strategy: The SET is at a rest base, similar to other markets that are undergoing profit-taking. We see the next supports at 1680, 1672, and 1656 and expect PTTEP and PTT to pressure the market in the morning. The next support could be 1680 and 1672 to wait for the rebound. Strategy for mid- to long-term investors is to buy. Short-term investors, wait for rebound to sell. Today’s picks are GLOBAL and ROBINS.