Thailand SET Index (NYSEARCA:THD): The SET's head and shoulders...WARNING!!!

 


The SET index continues to be stuck under its 50-day EMA as political uncertainties drag on. The good news is that the relative strength (RS) between MSCI Thailand and MSCI EEM (Emerging Markets) managed to break above its 50-day EMA. The bad news is that a head and shoulders chart pattern has emerged with the neckline at ~ 1,512 and P/T at ~ 1,482.

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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