ThaiBev Stock Code Y92.SGX
Outlook
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.
Strategy
$0.675 Buy
$0.730 Price Target
$0.645 Risk Management Stop
3 weeks Trade Duration
