Tag: ThaiBev

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

Nicholas

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

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

Nicholas
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

CFD Trading – Buy ThaiBev (Y92.SGX) at $0.690. Stop at $0.650 and Target at $0.760.

Nicholas

ThaiBev Stock Code Y92.SGX

Outlook
In our Previous Post on 5 November we had a buy call on this stock and yesterday, price had moved above our target price at $0.680. We see potential for this stock and has updated our price target with this buy call.
MACD is still strong and rising, which is a hint we could see a bullish price trend ahead. Ichimoku 3E has a price target of $0.80, while the next resistance points lie at 0.730 and $0.765. We see price going higher to $0.760

Strategy
$0.690                Buy
$0.760                Price Target
$0.650                Risk Management Stop
3 weeks Trade Duration

CFD Trading – Buy ThaiBev (Y92.SGX) at $0.630. Stop at $0.595 and Target at $0.680.

Nicholas

ThaiBev Stock Code Y92.SGX

Outlook
Price broke above the cloud yesterday but closed right at the edge of the cloud and inside the cloud. In breaking out, price also confirms an Ichimoku reversal. Conversion and Base lines had a bullish crossover two days ago, confirming the bullish trend. Lagging Span is above price of 26 days ago but is below the cloud at the moment, and unable to confirm the bullish trend. MACD is bearish but could be moving above the zero line soon. MACD also had a bullish divergence warning with price, hinting of a possible low in the making. We expect price to move higher to the $0.680, going by the V-shaped Ichimoku price projection.

Strategy
$0.630                Buy
$0.680                Price Target
$0.595                Risk Management Stop
3 weeks Trade Duration

CFD Trading – ThaiBev & ST Engineering

Nicholas

ST Engineering Stock Code S63.SGX

Outlook
Price managed to stay above the cloud during the recently correction and yesterday; price broke above a recent high. In the process of this breakout, price also broke above an Ichimoku V price structure as well. Going by the Ichimoku V price structure, we have a price target for this breakout at $4.43. Conversion and Base lines have a bullish crossover confirming this bullish trend. Lagging Span also adds another confirmation. Lagging Span stays above price of 26 periods ago as well as above the cloud. MACD is also bullish with both its line currently above the zero line. MACD is rising as well.

Strategy
$4.24                 Buy
$4.43                 Price Target
$4.16                 Risk Management Stop
3 weeks             Trade Duration

ThaiBev Stock Code Y92.SGX

Outlook
Price reached a low of $0.74 on 10 Feb 2020, gapping below the previous day low and creating a gap in the process. The next day, price closed the gap and yesterday, price continued to move higher above the previous day’s high, confirming the closing of the gap and bullish reversal. MACD has a bullish divergence warning as well, hinting of a possible price low and a possible reversal in trend. We view the gap as a early trend change warning signal as both Conversion and Base lines have yet to give a bullish signal. Price is also currently below the cloud.

Strategy
$0.780                Buy
$0.870                Price Target
$0.740                Risk Management Stop
3 weeks              Trade Duration