Brokers believe that Thai stocks will continue to rise tomorrow, as they have overcome resistance at 1,370-1,400 points.

Short term speculation

Securities technical investment analyst He said that the Thai stock index today was still able to hold above the level of 1,355 points and was still able to close in the positive zone. Maintain a V-shaped recovery cycle

The short-term trend remains positive. Thai Stocks Tomorrow (April 25, 2024) There is a chance of continued volatility upwards Resistance level 1380/1400 points Support level 1330/1300 points Strategy to delay investment. Wait and watch the base creation cycle.

“Thai stocks are still bouncing in the short term. So, when it bounces, focus on selling to make a run, then bounce up and then sell because you still can't count on it.”

Weak in the rebound round

Analysis Department, Phillip Securities (Thailand) It determines that the SET Index hourly images began to weaken in the rebound cycle with slight resistance at 1365 points, while the MACD accelerated towards the negative zone. It is about to fall below the signal line. Be careful if the index cannot hold at the 20 SMA line, as it may return lower and close the gap below 1350 points again.

Investment Strategy The team recommends gradually accumulating stocks that show clear signs of reversal after the previous sharp decline. Cut losses if the indicator cannot maintain the level above 1350 points, and given the resistance 1370/1375 points, support 1355 points.

Involved cbaxt Technical view: Daily picture: Prices fluctuate sideways. Then build a base at 30.00 baht before the MACD rises, indicating a bullish divergence. After that, the price breaks through the accumulation zone, hoping to rise with the previous high at 34.00 baht.

Therefore, the investment strategy recommends buying on the breakout at 33.00 baht, aiming to make a profit at 34.00 and 36.00 baht, minimizing losses if the price falls below 31.50 baht.

Involved BBIK Technical View: Daily Picture: The price formed a base at the 93.00 baht support level and then did not make a new low before swinging sideways, accumulating strength within the range. Close to choosing a path, but from MACD which has formed a bullish divergence and is about to cross the signal line, hoping to break above EMA20-EMA200 to return to the upside.

Therefore, the investment strategy recommends buying on the breakout at 97.00 baht, aiming to make a profit at 100.00 and 106.00 baht, minimizing losses if the price falls below 93.00 baht.

Involved SJWD Technical insight: Daily picture: The price fell to the trend line and then stopped with a bullish hammer candlestick pattern consistent with the MACD indicator, which was about to cross above the signal line, and it is expected that the breakout has ended. Hopefully the price will return to test the previous high resistance level at 16.70 – 17.00 baht.

Therefore, the investment strategy recommends buying the dip at 15.50 baht, aiming to make a profit at 16.70 and 17.00 baht, minimizing losses if the price falls below 15.00 baht.