SET 50 : Swing target at 840-850
April 6, 2011 Leave a comment
With 757 as support and 763 as resistance, the SET 50 will not take long in breakout of the recent range, and should head to 840-850 before long, and likely before the election. As such keep your long SET 50 futures for much higher prices, and look to catch the laggards in the SET 50 when volume surges begin in the respective counters.
If 757 fails to hold, we may see a brief pre Songkran dip to 750 or so, but probably much deeper than that. Much stronger support is seen at 743