In this article, we will focus on Thai Beverage (SGX: Y92), whose stock price action indicates the start of a bullish reversal, most likely to be in an uptrend. The key takeaways from the technical report are as follows:

Thai Beverage produces various brands of beer and spirits in Thailand.

• Market Positioning: The stock has reached the S$0.52 resistance level several times, with strong upside breakout potential, and is currently considered a “Technical Buy”.
• Entry Price and Support Levels: Entry points are S$0.52, S$0.48 and S$0.46; Support levels are S$0.48 and S$0.45.

• Stop Loss and Resistance Levels: Stop Loss is S$0.44; Resistance levels are S$0.52 and S$0.56.
• Target Price: S$0.56, S$0.59, S$0.62 and S$0.73.