CFD Trading – Buy ThaiBev (Y92.SGX) at $0.630. Stop at $0.595 and Target at $0.680.

ThaiBev Stock Code Y92.SGX

Price broke above the cloud yesterday but closed right at the edge of the cloud and inside the cloud. In breaking out, price also confirms an Ichimoku reversal. Conversion and Base lines had a bullish crossover two days ago, confirming the bullish trend. Lagging Span is above price of 26 days ago but is below the cloud at the moment, and unable to confirm the bullish trend. MACD is bearish but could be moving above the zero line soon. MACD also had a bullish divergence warning with price, hinting of a possible low in the making. We expect price to move higher to the $0.680, going by the V-shaped Ichimoku price projection.

$0.630                Buy
$0.680                Price Target
$0.595                Risk Management Stop
3 weeks Trade Duration

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