Thailand SET Index (NYSEARCA:THD): The SET index got dumped after its 100-day EMA crossed over the 50-day EMA....more selling may be ahead

 


The SET took a nosedive on Tuesday after its 100-day EMA (blue line) crossed over the 50-day EMA (green line). Beware that more selling may be ahead if the 200-day EMA (red line) crosses over the 50-day EMA, forming a death cross. A downtrend channel has formed so the next leg down could take the SET to retest the 1,482.01 level, or its bear market territory, if the index can't bounce off from here.

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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