Wednesday, April 10, 2013

***** Accumulate on Dips: Thai Beverage (THBEV). Share price 0.62.

Thai Bev has been supported very strongly above the 0.600 critical support level. Since the 8th of March 2013 after it has broken out above the 0.600 level, this 0.600 has turned from resistance to support. As long as 0.600 is not broken down, we are bullish. Trading range has gone wider currently from 0.600 to 0.65 region. Possible to accumulate on dip from 0.600 to 0.615 region and profit from any rebound nearer to the 0.65 region. Note that a break out above the 0.65 region can see it go to 0.68 and 0.70 target quickly.
Stop loss strictly at 0.59 as if the 0.600 does not hold, it can retrace to around the 0.545 region.
  

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