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ThaiBev – [ Broke Out And Up To Our First Resistance Point ] algo investing.com/wp-content/uploads/2019/07/thaibev-1.png” alt=”ThaiBev 10th July 2019″ width=”958″ height=”554″ srcset=”http://algo investing.com/wp-content/uploads/2019/07/thaibev-1.png 958w, http://algo investing.com/wp-content/uploads/2019/07/thaibev-1-300×173.png 300w, http://algo investing.com/wp-content/uploads/2019/07/thaibev-1-768×444.png 768w, http://algo investing.com/wp-content/uploads/2019/07/thaibev-1-600×347.png 600w, http://algo investing.com/wp-content/uploads/2019/07/thaibev-1-702×406.png 702w” sizes=”(max-width: 958px) 100vw, 958px”>
Chart Source: Poemsview 10th July 2019
Thaibev which we mentioned just last week has indeed moved up with the reasons which we pointed out in our previous post. It has seen a nice 2.5% upswing within contra period which is an added bonus. It is currently at a critical resistance of $0.88 as drawn.
So an entry at $0.865 might be valid as it manages to stay above the $0.88 resistance. For such a trade, one has to stay alert and nimble.
There is a gap resistance at $0.88 unless Thaibev manages to stay above that then there might be a chance to cover the gap. Volume should also come in in order to sustain the move.
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