Can SET still go up, or is it preparing a new base?
แปลอัตโนมัติจากต้นฉบับ · อ่านต้นฉบับ (English)
Hello everyone in Traderforum. Lately, I'm still quite concerned about the overall Thai stock market $SET after it has risen quite a bit. It seems many stocks are starting to hit resistance, or some are consolidating sideways waiting for something.
Personally, I think the overall sentiment still has some support from several factors, but I can't help but wonder if this might be a period where the market is preparing a new base, or perhaps waiting for a pullback before the next rally. So, I'm trying to be extra cautious now, especially when seeing currency volatility like $USDTRY, which moved up to 46.99384 today, or $MXNJPY at 9.25538. It reflects an unstable overall economy. Does anyone have a different perspective? I'd like to hear opinions to help with my decision. Thank you.