Technical ViewSET fluctuates, if dips below 1620, more downside: The SET index managed to hold in the morning session, before hitting by strong selling pressure in the afternoon on energy, retail and petchem sectors. The index closed below the neckline 1620 again. Coupled with the MACD indicator being in a negative signal. In the near term, the downside will open more. It is likely to weaken to retest the support 1600. And if it fails to hold, it may continue slipping to retest the support 1580 and 1560. But given the market is fluctuating, if it rebounds, Maybank sees it as a chance to take profit. Investment strategy1) Investors with stocks, if holds above 1600, stop loss. Or if rebounds intraday, take profit to reduce portfolio.2) Without stocks, Since it dipped below 1620, wait see until the index starts to form a base and stop sliding.Maybank sets a support line at 1580 points and 1600 points while setting a resistance line at 1620 points and 1640 pointsKeep an Eyes OnHouse of Representatives opens on May 24-25 and select the speaker of the House.【อ่านข้อความเต็ม】