FTSE SET Large Cap might not be so well known, but is a index of the top 30 companies on the SET that is consistently recalculated, as to that they are ranked by full market capitalization. As of when I started to do this rapport, only 4 was over ema200 (day).
SET:CPF SET:GPSC SET:GULF SET:HMPRO
SET, SET100 and SET50 are all also under ema200. What does this say about the bullish drive force, since the bottom on the 13th of March, when the majority of the largest companies just doesn't make it? Are there any strength behind it or only hopeful thinking and follow other Asian, European and American markers?
Please post your thoughts and lets have a conversation about it.