CFD Trading – Buy ThaiBev (Y92.SGX) @ $0.675. Stop @ $0.645 and Target @ $0.730

ThaiBev  Stock Code Y92.SGX


Price broke above the cloud on 25 August 2021 and has stayed above the cloud since that breakout. After the breakout, price experienced a decline but price was able to stay above the cloud, keeping the uptrend intact. The pullback should find good support at the Base line which lies at $0.670. There is also a support zone from $0.675 to $0.655, which should be able to halt the price decline. Conversion and Base had a bullish crossover earlier, hinting of the bullish trend. Lagging Span is above price of 26 days ago but is below the cloud. MACD remains bullish and is hinting of a price rally ahead. If price can stay above $0.650, we are expecting price to test $0.730 again.


$0.675                Buy

$0.730                Price Target

$0.645                Risk Management Stop

3 weeks              Trade Duration

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