[SG Market] Strong Momentum: Thai Beverage

Singapore Stock

2024-08-29 14:26:27

2.53W

Thai Breweries stock price action suggests the start of a bullish reversal, likely in an uptrend.

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.

#Southeast Asia##SG Stocks##SGX#

Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.

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