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Thai Beverage ST: as long as 0.81 is support look for 0.92
Trading Central | 2019-07-18 22:52:00

The stock could retrace in the short term.

Our pivot point stands at 0.81.

Our preference: as long as 0.81 is support look for 0.92.

Alternative scenario: the downside breakout of 0.81 would call for 0.77 and 0.75.

Comment: the RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is above its 20 and 50 day MA (respectively at 0.85 and 0.83). Thai Beverage is currently trading near its 52 week high reached at 0.9 on 12/07/19.

Supports and resistances:
0.96 **
0.94 *
0.92 **
0.9
0.85 (SGD-last)
0.83
0.81 **
0.77 *
0.75 **

Head of Research at TRADING CENTRAL: Rémy GAUSSENS

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Written on 07-19-2019 at 00:52 UTC+1
Price reference: 0.85 last known on 07-19-2019 at 00:52 UTC+1
Investment horizon: ST

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