The SET Index has precisely reached a historically significant support level—one that has consistently held during every major financial crisis in Thailand's history. Should the current monthly candlestick hold above this level without breaking lower, it may signal the potential for a rebound.
In the event of renewed panic or external shocks, there is an identifiable secondary support (the “orange line”) which aligns with a broader downward-sloping channel. A move toward this level could suggest a structural reset of the long-term trend that has been in place since the inception of the Thai stock market.
For now, it's prudent to monitor price action over the coming months. Notably, banking sector stocks remain relatively resilient, indicating underlying strength in the market. This doesn't appear to be a crisis in the classic sense—rather, it reflects an extended period of economic stagnation or prolonged depression.
In the event of renewed panic or external shocks, there is an identifiable secondary support (the “orange line”) which aligns with a broader downward-sloping channel. A move toward this level could suggest a structural reset of the long-term trend that has been in place since the inception of the Thai stock market.
For now, it's prudent to monitor price action over the coming months. Notably, banking sector stocks remain relatively resilient, indicating underlying strength in the market. This doesn't appear to be a crisis in the classic sense—rather, it reflects an extended period of economic stagnation or prolonged depression.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.