Charts – Weekly

Ploy is back to grace us with her thoughts on the markets. She delves into the SET, Asia-Pac, DJIA, SET Sectors, USD/THB and Gold.


The world has been so peaceful lately and the SET has been gradually climbing up the ladders.

Most of the charts today are updated from last week’s charts.

The SET has breached above the barriers at 1,088-1,093 last week and 1,102.77 yesterday. It is now volatile, with nearby supports at 1,090 and 1,080-1,075. The outlook will turn negative if it falls below 1,055-1,050, which you can use as the cut-back signal to decrease your portfolio exposure. If the SET can regain strength, it will have to test the gap barrier at 1,122, which was created last August.

Given the strengthening Baht, the SET may be more likely to head up higher, at least until the Baht/Dollar exchange rate tests the support at 30.68 and/or 30.44. I reiterate that the downside gap in the Bath/Dollar exchange rate is as low as 30.26-30.25, which is possible unless the support at 30.44 can hold.

Continue reading Charts – Weekly