Imagine spotting a stock just as it's turning the corner—where the trend shifts, signals fire, and the opportunity to ride the next big wave is right in front of you. That’s exactly where we are now with two Thai market leaders: Advanced Info Service (ADVANC.BK) and Kasikornbank (KBANK.BK), both listed as Singapore Depository Receipts (SDRs) on SGX.

In this article, I break down the charts using my One Good Trend (1GT) Strategy, revealing why both stocks could be gearing up for a powerful reversal or breakout.

With long-term uptrends still intact and fresh bullish signals from my 1GT (Pro) Indicator, these setups present real opportunities for traders who know what to look for.

Whether you're the type who prefers to buy on dips or wait for a confirmed breakout, this analysis could help you make your next winning move.

1) Advanced Info Service (ADVANC.BK)

Advanced Info Service Public Company Limited (ADVANC) is Thailand’s leading mobile network operator, offering a full range of telecommunications services including 5G, internet broadband, and enterprise solutions.

With its strong customer base and continuous investment in network infrastructure, ADVANC has maintained a dominant position in the Thai telecom industry.

Looking at the chart through the lens of my One Good Trend strategy, we can see that the long-term trend remains intact.

The 100-day moving average (red line) is still positioned above the 200-day moving average (blue line), and both are sloping upwards, indicating that the long-term trend continues to be bullish.

In the short term, the 20-day moving average (green line) is starting to flatten out after the sell down we have seen since Feb 2025. This can lead to a period of sideways consolidation.

My 1GT (Pro) Indicator has fleshed a bullish 1GT signal just above the THB 260 level (S$1.04) in Feb, which coincided with a bounce off the horizontal support.

Previous 1GT bullish signals from late 2024 also aligned well with prior rebounds from THB 260 level (S$1.04) support.

We are now heading back towards this same support level where some bargain hunting is starting to appear.

The support zone at THB 260 (S$1.04) remains an important level to watch.

So how does one take a position in ADVANC from the SDR traded on the SGX?

One can consider trading the Thai SDR that is listed on the SGX, name is AIS TH SDR 10to1. Code TADD.

Conservative traders may consider accumulating on dips closer to this level, provided the uptrend holds.

A stop-loss slightly below THB 260 (S$1.04) could be used to manage risk.

On the other hand, more aggressive traders can look for a breakout above THB 300 (S$1.20), which has been a firm ceiling since November 2024.

A convincing breakout could open the path for the next leg higher, possibly leading to a new bullish phase.

Overall, with the long term trend up and a potential reversal of the short term trend too, ADVANC looks well-positioned for a reversal.

The chart structure, moving averages, and indicator signals all support a cautiously optimistic outlook, provided that support zones continue to hold.

Note that for ADVANC, there is a ratio of 10 SDR to 1 underlying stock, so the conversion from

Thai bath to SGD will be to times 0.04 then divided by 10.

2) Kasikornbank (KBANK.BK)

Kasikornbank Public Company Limited (KBANK) is one of Thailand’s largest commercial banks, offering a wide range of financial services including retail banking, corporate banking, and investment services.

It is well known for its digital transformation efforts and strong presence in SME and consumer banking segments across the country.

From a technical standpoint, the overall trend for Kasikornbank continues to lean bullish.

The long-term uptrend remains intact, with the 100-day moving average (red line) staying above the 200-day moving average (blue line) since mid-2024.

Both lines are still pointing upward, reinforcing the ongoing long-term uptrend.

In the short term, the 20-day moving average (green line) has also started to slope up again after a brief flattening, reflecting a pickup in near-term momentum.

My 1GT (Pro) Indicator has consistently provided timely signals throughout the trend.

Most recently, a bullish 1GT signal was triggered in March 2025 just as prices began pushing off the key support near THB 145 (S$5.80).

This signal remains valid as there are no bearish signals yet, and the price continues to hold above the short-term 20-day moving average.

The zone near THB 145 (S$5.80) has served as a firm support level, tested multiple times over the past few months since Sept 2024 and defended by buyers.

So how does one take a position in Kasikornbank from the SDR traded on the SGX?

One can consider trading the Thai SDR that is listed on the SGX, name is Kasikorn BK TH SDR 1to1. Code TKKD.

Traders adopting a conservative approach may look to accumulate on any slight dips back toward this support zone, with a stop-loss placed slightly below THB 145 (S$5.80) to manage downside risk.

On the upside, resistance is now seen near THB 165 (S$6.60), where the stock is testing its recent high.

An aggressive entry can be considered if there’s a clear breakout above THB 165 (S$6.60), which could pave the way for further upside toward the next resistance at THB 180 (S$7.20).

If the bullish momentum carries through, this may mark a continuation of the larger uptrend.

With both long- and short-term trends aligned and the most recent 1GT bullish signal still in play, Kasikornbank could be on the verge of its next leg higher.

As always, proper entry planning and risk management remain key to positioning well for any potential breakout.

Footnote: Currency conversion used from THB to SGD is 0.040.

About the Author - Joey Choy

Joey is Singapore’s renowned mentor on how to make an income by trading the stock market, an author and one of the most-watched, quoted and followed stock trading trainers in Singapore. Over the years, he has conducted numerous full house seminars, enriching thousands to trade more profitably. 

Joey’s come back story from a S$740k debt has been featured in the Business Times and inspired thousands in Singapore. In less than 3 years, he is highly regarded as one of the Top Tier Remisiers (Stock Brokers) and Traders, bagging numerous yearly awards like Top Trading Representative and Top CFD Achiever every year from 2014 to 2023 in Phillip Securities.

More about Joey here

Hope you have found the above content useful 😃 

If you have yet to attend my FREE webinar on how I select HIGH PROBABILITY WINNING STOCKS, you can check it out here!

Look forward to see you on the inside!

- Joey

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