CFD Trading – Sell ThaiBev (Y92.SGX) @ $0.680. Stop @ $0.700 and Target @ $0.650.

ThaiBev Stock Code Y92.SGX

Outlook

Price broke below the cloud in the previous trading session, changing the chart outlook to bearish. Lagging Span is above price of 26 days ago and is inside the cloud.  MACD has a bearish crossover and is hinting at a bearish price trend. If price stays below the cloud, we are likely to see a decline to the previous low at $0.650 in the next 2-3 weeks.

Strategy

$0.680                Sell

$0.650                Price Target

$0.700                Risk Management Stop

2 weeks Trade Duration

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