Strong resistance at the 9.60 baht area. Support at the 9 baht area. Set50 has been under pressure because of the Thai economy. Tourism made up 22% of the GDP in 2019 before the pandemic, so appetite for Thai equities has been tainted. We can see a descending triangle forming - which indicates that the bears could step in. If it closes above 9.50 on the weekly...
Looking like it breaks higher. Watching the trend line closely- I will accumulate in pullbacks. I suspect a break to the upside in the coming weeks/months. Will exit my trade position if it falls below 25 baht, will take some profits off at 34 baht, but continue to hold for the long term.