ThaiBev Expecting Further Strength


ThaiBev (Y92)

Price broke out of its re-accumulation zone that started since early Sept, it continued to mark up with Bullish character (Rally with increased volume and react with low volume). 

Supporting the market are Relative strength showing outperformance against the market and technical indicator MACD displaying positive momentum.

1st target level will be at S$0.95 resistance. 

Stop price at 10D SMA (10 days simple moving average)

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