THAIBEV Stock Code Y92.SGX
Outlook
Price broke and closed above the cloud, turning the chart outlook to bullish. Conversion and base lines remain in a bullish crossover. MACD is moving higher towards the zero line and a bullish MACD crossover is likely. These could increase chances of the stock price moving higher.
Strategy
$0.575 Buy
$0.615 Price Target
$0.545 Risk Management Stop
3 weeks Trade Duration
THAIBEV Stock Code Y92.SGX
Outlook
Price was unable to move above the cloud in the past few trading days, capped by the upper edge of the cloud, keeping the downtrend intact. A Hanging Man candlestick price pattern is also hinting at a price decline. Lagging Span is above price of 26 days ago but is below the cloud at the moment. If price is unable to move above the cloud, it could be heading towards the previous low at $0.56 in the next 2-3 weeks.
Strategy
$0.610 Sell
$0.560 Price Target
$0.635 Risk Management Stop
3 weeks Trade Duration
Hong Fok Stock Code H30.SGX
Outlook
The recent price correction was supported by the cloud, as well as the base line, keeping the bullish price trend intact. Conversion and base lines remained in a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago and is above the cloud, confirming the bullish price trend. MACD remains above the zero line and is hinting at a bullish price trend. As long as price stays the cloud, we to see price moving higher to $1.02, which is also the recent price high, in the next 2-3 weeks.
Strategy
$0.940 Buy
$1.02 Price Target
$0.880 Risk Management Stop
3 weeks Trade Duration
Chip Eng Seng Stock Code C29.SGX
Outlook
Price broke above a recent high; creating an Ichimoku V-shaped reversal with a price projection target at $0.480. Conversion and base lines had a bullish crossover, hinting at a bullish price trend. Lagging Span is above price of 26 days ago and above the cloud, confirming the bullish price trend. MACD is bullish and is hinting at a bullish price trend. We are likely to see a rally to the Ichimoku price projection target of $0.480 in the next 1-2 weeks.
Strategy
$0.450 Buy
$0.480 Price Target
$0.435 Risk Management Stop
2 weeks Trade Duration
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
