Price pattern of iShares MSCI Thailand Index Fund signals “Bull” but political crisis?

 Price trend of Thailand’s big cap shares listed in MSCI index, iShare, have signaled what technical analysis calls “Bullishly” meaning the Thai stock market is likely to move up further. A few days ago, the people at Elliot Wave, the sentiment investment driven theory, also made some major predictions on the Thai market. Also, the Thai central bank just lowered interest rate and saying more room to lower rates exists. But with political crisis, who knows?

iShares MSCI Thailand Index Fund Crosses Above its 10-day MA (THD)

(Source)

Written on Fri, 03/14/2014 – 3:01pm

By Shiri Gupta

Today, shares of iShares MSCI Thailand Index Fund (NYSE:THD) have crossed bullishly above their 10-day moving average of $71.30 on a volume of 260K shares. This may provide swing traders with an opportunity for a long position, as such a crossover often suggests higher prices in the near term.

Over the past year, iShares MSCI Thailand Index Fund has traded in a range of $61.94 to $96.11 and is now at $72.48, 17% above that low. Over the last five market days, the 200-day moving average (MA) has gone down 0.6% while the 50-day MA has advanced 0.4%.

SmarTrend is monitoring the recent change of momentum in iShares MSCI Thailand Index Fund. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of iShares MSCI Thailand Index Fund in search of a potential trend change.

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