Thailand SET Index (NYSEARCA:THD): The SET remains bearish as political uncertainties continue

 


The SET index is stuck between its 50-day EMA and the trendline resistance of a bearish descending triangle chart pattern as political uncertainties continue. The outlook for the SET remains unchanged as the relative strength (RS) between MSCI Thailand and MSCI EEM (Emerging Markets) is heading lower, under its 50-day EMA. Foreign investors are taking their money out of the Thai financial market, shaken by political uncertainties and headlines like this, "Thai stock market suffers as Stark Corporation defaults", per The Thaiger.

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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