ThaiBev – [ Broke Out And Up To Our First Resistance Point ]

Chart Source: Poemsview 10th July 2019

Thaibev which we mentioned just last week has indeed moved up with the reasons which we pointed out in our previous post. It has seen a nice 2.5% upswing within contra period which is an added bonus. It is currently at a critical resistance of $0.88 as drawn.

So an entry at $0.865 might be valid as it manages to stay above the $0.88 resistance. For such a trade, one has to stay alert and nimble.

There is a gap resistance at $0.88 unless Thaibev manages to stay above that then there might be a chance to cover the gap. Volume should also come in in order to sustain the move.

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Yours

Humbly

Kelwin&Roy

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