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
