CFD Trading – Buy ThaiBev (Y92.SGX) at $0.690. Stop at $0.650 and Target at $0.760.

ThaiBev Stock Code Y92.SGX

Outlook
In our Previous Post on 5 November we had a buy call on this stock and yesterday, price had moved above our target price at $0.680. We see potential for this stock and has updated our price target with this buy call.
MACD is still strong and rising, which is a hint we could see a bullish price trend ahead. Ichimoku 3E has a price target of $0.80, while the next resistance points lie at 0.730 and $0.765. We see price going higher to $0.760

Strategy
$0.690                Buy
$0.760                Price Target
$0.650                Risk Management Stop
3 weeks Trade Duration

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.