Summary of trading conditions in the Thai stock market on May 10, 2022. The stock market on Tuesday last. Index rebounds from buying pressure in stocks that have dropped a lot. In the big picture, the stock market continues to be pressured by a number of negative factors. Investors followed the April US inflation figures. To be reported on May 11, the SET Index closed at 1,622.78 points +18.29 points -Trading value 83,382.43 million baht.
The top 5 most traded securities are:
1. ADVANC Turnover 3,630 million baht (+8.00, +3.90%)
2. PTT trading value 3,132 million baht (0.00, 0.00%)
3. BANPU, trading value 2,796 million baht (-0.40, -3.20%)
4. KBANK trading value 2,445 million baht (+0.50, +0.34%)
5. PTTEP trading value 2,265 million baht (-3.00, -1.94%)
The index rebounded to form a full green candle following the RSI signal entered the Oversold area, but the index is still below the 200 day EMA at 1632 points, keeping it in a downtrend. If the rebound is near the resistance level, gradually reduce the position.
Recommendation: If the rebound does not pass the resistance 1632 points, which is the 200-day EMA, find another sell-out.
Globlex Securities Company Limited