SET50 finally broke above 200-day moving avergae. This comes with significantly improved market breadth.
Bottom is in. Any pullback to 845-850 area is a buy opportunity
Comment
SET50 is up 3.7% WTD.
SET50 has reached the major RESISTANCE for the first time in 2024.
I'd hold back against 'chasing' at this index level even thoughthe momentum and volume look supportive.
Consolidation is expected if the index is to have a healthy run up. Consolidation range 875-885
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