Daily Market Outlook

Daily Market Outlook for the world and local financial update

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Sawasdee - Apr 28, 2017

Investment Theme: Things look better above 1570Support: 1560, 1555 Resistance: 1570, 1575

Market Strategy: The SET is still in a rebound range and we expect the mood to be brightened by beats reported by ADVANC and PTTEP. If it can trade above 1570, it will be a positive signal, with the next short-term supports at 1555–1560. Things to watch next week are FOMC meeting and the final round of the French election, which will affect fund flow. Strategy is to use the rebound to reduce portfolio. Trading can be done carefully. Today’s picks are SAT and SPALI.