Thailand SET Index (NYSEARCA:THD): Beware the relative strength between MSCI Thailand and MSCI Emerging Markets is about to break down


The Thailand SET index could be heading down to retest the April 2024 low at 1,330.55 if the relative strength (RS) between MSCI Thailand and MSCI Emerging Markets (EEM) breaks below 1.37. It looks like foreign institutional investors are pumping money into equities in China, India, Korea, Taiwan, and Japan.

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

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