The SET Index continued powering upwards with Technology and Services leading the way, the resources sector were hurt because of the pull back in oil prices and the noise coming out of China regarding a potential slow down in commodity purchases.
Latest thoughts on the market from our chartist Ploy!
The SET slightly breached above the barrier at 1,190-1,200 ( which was given here last week) yesterday. It is likely that the SET may continue its rally, heading up towards 1,231-1,235 by late this month to Songkran festival. The supports are now at 1,174-1,170 and 1,160. The major stoploss line is shown in the chart below, with this week’s stoploss line at 1,150.