DBS Stock Code D05.SGX
Outlook
Price is currently sitting of a previous low support of $24.00. Price could go either way but there is a MACD bullish divergence warning and we think price could be near to a possible low and reversal. On 6th of August when price made a low of $24.80, MACD had a strong momentum low but when price make a lower low at $24.00, MACD’s low on 26th August was higher than the low on 6th August. Yesterday, price managed to stay above the low of the 26th Aug low, which was a good sign. If price can move above $24.37, the price rally could accelerate.
Strategy
$24.15 Buy
$25.20 Price Target
$23.20 Risk Management Stop
3 weeks Trade Duration
ThaiBev Stock Code Y92.SGX
Outlook
Price reached a high of $0.96 on 22nd Aug and has been on a decline since that day. Price is currently near to the Conversion line at $0.90 which is providing support at the moment. Further below, Base line is another support at $0.875 and there is another previous high support at $0.865. The edge of the cloud at $0.855 is another support area. Price is in a bullish trend at the moment as price is above the cloud. Base and Conversion lines are both below price and both lines had a bullish crossover. We think supports at $0.875 to $0.865 are able to support for another price push higher to $0.960
Strategy
$0.870 Buy
$0.960 Price Target
$0.840 Risk Management Stop
3 weeks Trade Duration
