ThaiBev – [ Broke Out? Real Or Fake? ]


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5th July, 2019, 8:25 PM

ThaiBev – [ Broke Out? Real Or Fake? ]algo investing.com/wp-content/uploads/2019/07/thaibev.png” alt=”ThaiBev 5th July 2019″ width=”958″ height=”560″ srcset=”http://algo investing.com/wp-content/uploads/2019/07/thaibev.png 958w, http://algo investing.com/wp-content/uploads/2019/07/thaibev-300×175.png 300w, http://algo investing.com/wp-content/uploads/2019/07/thaibev-768×449.png 768w, http://algo investing.com/wp-content/uploads/2019/07/thaibev-600×351.png 600w, http://algo investing.com/wp-content/uploads/2019/07/thaibev-695×406.png 695w” sizes=”(max-width: 958px) 100vw, 958px”>

Chart Source: Poemsview 5th July 2019

The previous time we mentioned ThaiBev was in early May when it was trading around $0815 and we warned of further downside. True enough the downside came and it went down all the way to a low of $0.735. A very decent downside if you ask us.

Thaibev has caught our attention once again and this time we’re looking at it for some upside if possible. Don’t forget that ThaiBev is part of the STI component stock.

It has broken out of its horizontal resistance of $0.86.

1..It managed to stay above that at closing which is a good sign.

2. Volume is much more than previous days

3. Moving averages are sloping up.

What other points are you looking at?

Where would you place your stop loss or entry?

Want to know more about our plans for ThaiBev?

CLICK HERE to see how you can learn how to plan a sound and actionable trade plan and to be part of this EXCLUSIVE COMMUNITY to enjoy such value added services.

Yours

Humbly

Kelwin&Roy

 

 

The post ThaiBev – [ Broke Out? Real Or Fake? ] appeared first on algo investing.

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