Thai Beverage has broken down the critical support level of 0.500 today convincingly. This support level has been holding since Jan 2013. Likely to head lower on any market weakness to 0.45, 0.40 then 0.385 level. Can hold CFD sell position on this breakdown with a target from 1.45 to 1.46 level near term. Only the upside breakout of 0.500 will invalidated our bearish scenario. Head and shoulder formation with head formed in May 2013 and lower shoulder levels may signal a reversal back down.
Buy stop at 0.515.
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