Brandon_Leu

Potential Further Upside for ThaiBev

Long
Brandon_Leu Updated   
SGX:Y92   THAIBEV
Price broke out of its re-accumulation zone that started since early Sept, it continued to mark up with Bullish character (Rally with increased volume and react with low volume).

Supporting the market are Relative strength showing outperformance against the market and technical indicator MACD displaying positive momentum.

1st target level will be at S$0.95 resistance.

Stop price at 10D SMA (10 days simple moving average)

Disclaimer applies.
Trade closed: stop reached
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.