CFD Trading – Sell ThaiBev (Y92.SGX) @ $0.720. Stop @ $0.755 and Target @ $0.645.

THAIBEV Stock Code Y92.SGX

Outlook
Price gapped lower three days ago and the next day, the rally failed to close the gap. In the previous trading session, price started to move away from the gap. Conversion and Base had a bearish crossover, hinting of the bearish trend. Lagging Span is below price of 26 days ago as well as below the cloud, confirming the bearish trend. MACD remains bullish but both its lines are moving away from the zero line, which is a hint of a bearish price trend ahead. If price can do not close the gap, we are expecting price to test $0.640 again.

Strategy                  
$0.720                Sell
$0.645                Price Target
$0.755                Risk Management Stop
3 weeks              Trade Duration

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