Breakout from the grey channel seems
likely. 1,650, the previous high, is the next test.
Moving to target with a nice jump
last week. As I've mentioned before, this sector chart
is the single most bullish indicator for the Thai
market. Volume (turnover) could not be more
encouraging. Resistance at 725 is weak.
Also moving to target.
Resistance at 248 and no recent surge
of volume make the target questionable.
A little breakout from the green
resistance is unexpected and bullish for the currency.
Target still has a fair chance. But it could take some
months for that to happen, if at all.
Moving to target, despite the low
volume - assuming our volume figures are correct.
A new high propels the market to a
new bull trend.
Also bullish, like Jakarta. The new
high suggests the beginning of a new bull trend - or, if
you prefer, a continuation of the bull trend that
started in May, last year.
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