Thai stocks in the morning closed down 1.47 points, responding to much positive news. Follow US PCE.

Thai stocks in the morning on June 26 closed at 1,317.67 points, down 1.47 points, swinging within a limited range. After officials signaled an increase in interest rates if inflation remains high, contrary to expectations, the Fed will start cutting interest rates this year. Investors are also waiting to follow PCE in the United States this Friday. Our local market is beginning to see a rebound but has absorbed many positive factors. In the afternoon, analysts expected it to be stable.

The Stock Exchange of Thailand (SET) index closed this morning, June 26, at 1,317.67 points, down 1.47 points (-0.11%), trading value approximately 18,014.88 million baht.

Mr. Narongdej Chantharapaisarn, Director of Securities Analysis at Ira Securities, said that the Thai stock market fluctuated sideways within a limited range this morning. Investors continue to monitor statements from Federal Reserve (Fed) officials, which are expected to be released more frequently this week. This follows a recent signal from a Fed official that suggested interest rate hikes if inflation remains high, making the overall market outlook less positive. In addition, the US dollar has begun to appreciate.

Investors are also waiting to see the release of the US Personal Consumption Expenditures (PCE) price index on Friday. which the market expected to come out lower But it was not much of a supporting factor. This is because investors have already absorbed the said forecast quite a bit.

The Thai stock market is starting to see a rebound. After the government adjusted the conditions of the TESG fund and prepared to revive the Vayupak Mutual Fund. But investors have responded to the positive factors to a certain extent as well. Plus, there are still pressure factors from political cases and the low growth of the Thai economy.

The afternoon trend is expected to remain subdued and somewhat boring again, as there is limited upside potential but also limited downside. Increased short covering is anticipated ahead of the Uptick measure's enforcement on July 1st. Resistance is seen at 1,326 points and support at 1,313 points.

For investment strategies this afternoon Analysts highlight 3 outstanding stocks

Global Securities

• ADVICE closing price 4.44 baht, support 4.34 baht, resistance 4.70-4.98 baht, cut loss 4.30 baht, bounced back to stand above the medium-term moving average, with volume coming in two days in a row and MACD just flipped to cross the Signal Line if it passed EMA-200. At 4.70 baht, there will likely be next resistance at 4.98 baht.
• I2 closing price 1.97 baht, support 1.95 baht, resistance 2.10-2.18 baht, cut loss 1.90 baht, rebound up from the bottom with volume increasing significantly and MACD+Slow Sto. has a buy signal value. Expect the price to have a chance to rise and test resistance at 2.10-2.18 baht.

Innovation Exchange Securities

• TRUE Support 8.85 baht, Resistance 9.15 baht, Cut loss 8.60 baht

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