Thailand SET Index (NYSEARCA:THD): The Index is Going Nowhere!

 


The Thailand SET index continues to be stuck under the trendline resistance. No breakout is expected before the end of the year. Beware that the index could be heading down to retest its 600-day EMA at 1584.83, if the relative strength (RS) between MSCI Thailand and MSCI Emerging Markets (EEM) weakens.

This note contained herein is not and should not be construed as a recommendation to buy or sell. Click here to see the latest update!

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