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Brandon_Leu
Oct 24, 2019 1:57 AM

Potential Further Upside for ThaiBev Long

THAIBEVSGX

Description

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

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