Daily Strategy for Investors on September 27, 2019

Kasikorn Securities (KS) has made an analysis for today’s trading session, stating that yesterday SET Index rebounded and closed above 5days moving average which implies better signals. While an uplift of 60mins-RSI and better daily-MACD, we view SET Index today will not be able to pass key resistance at 1,640/1645. Key supports are 1,630/1,620.

 

Medium-term outlook:
KS will take profit at 1,655/1,675 and reduced port to lock profit after the SET Index fell below 1,650. SET already retreated to our first buy level at 1,630. However, KS sees SET Index move sideways down as MACD suggests a weak trend. Key supports are at 1,600-1,610 and 1,575 respectively. The key resistance is at 1,650 and 1,670.

 

Stocks to monitor
BDMS – Trading Buy (Target Price: 25.5 / 26.5 and Stop loss : 23.2)
BGC – Trading Buy (Target Price: 16 / 16.8 and Stop loss: 14.6)
EPG – Trading Buy (Target Price: 7.6 / 8 and Stop loss: 6.9)