INVX Databook

Tags: monthly, databook
March 2024 A look back at Feb and ahead to Mar - In March, SET movement is expected to be limited at resistance of ~1390-1410 due to lack of positive factors and expected sell-on-fact post earnings season and XD. The uncertainty surrounding the timing of the Fed's interest rate cuts will also weigh on market sentiment. On the downside, the market has support at 1350-1360, with risk of falling further to 1330 and 1300.
February 2024 A look back at Jan and ahead to Feb - Market upside is limited in February, with resistance levels at 1,390-1,410, due to the lack of any real drivers. Negatives include uncertainty regarding the Fed’s timeline for interest rate cuts following strong US economic data and the gloomy outlook for 4Q23 earnings as these are reported. These suggest downside risk for a new low. The lower bound support is put at 1,330 and 1,300. 
January 2024 A look back at Dec and ahead to Jan The SET is expected to cool in January with some slowing. We assign supports at 1400 and 1380. It is expected to continue to recovery, driven by anticipation of a rate cut at the March FOMC meeting. A close above 1,400 is a positive technical signal. Resistances are assigned at 1430 and 1450..