Index closed up 18 points, rebound from buying pressure in stocks that dropped sharply – fresh news

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.

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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 after 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

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