Thailand SET Index (NYSEARCA:THD): The Thailand SET Index Is Threatening to Break Down


The Thailand SET index has been trending down since Jan 9 and is threatening to break down as the optimism about the return of Chinese tourists may run out of steam. The rising Thai baht doesn't help either as it poses economic headwinds, particularly to Thai exporters and maybe the tourism sector.

The bulls might need to figure out what the next catalyst would be for the SET to break above the trendline resistance, or else be prepared for a pullback to retest the DEC 28 breakout. 

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


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