Thailand SET Index (NYSEARCA:THD): There could be more selling ahead if the SET index can't break above 1,600

 


The SET index rebounded along with the emerging markets this week, but risks remain as long as the index is still trading under its 600-day EMA (1,596.03) and/or the 1,600 level. There is a call for caution with respect to the SET index's death cross pattern as the 200-day EMA (red line) may be about to cross over the 100-day EMA (blue line).

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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