dchua1969

Not the time to visit Thailand for holidays

AMEX:THD   iShares Inc iShares MSCI Thailand ETF
Sawadee Khrup!

Looking at the chart, we can see a fake breakout with the price returning back inside the bearish trend line . Barring any surprises, it should heads further south towards 84.65 or worse, 80.99.

I am more keen to buy this ETF than short it and at current price level, the risk reward does not seems justifiable to short it. But for those intraday traders, this might still appeal to them.

Trade cautiously.
Comment: It has went below 80.99 and may go even lower. Cheap can get cheaper so patience pays as well by waiting ...
Comment: https://www.bangkokpost.com/business/184...

This article and many others have convinced me that China is far too important to fail as many countries growth depend on it. The government need to do something fast to prop up the economy

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