Following up from yesterday’s call, we have indeed seen Thaibev hit our first target at 0.95 today as per drawn in chart.
Looks good to attempt a move above eventually where we can see 1.00 coming in the near term.
For now, momentum indicator is still looking bullish on this move with some support expected from 0.92 – 0.93 now.
The question is: Were you informed of this stock yesterday?
We saw some actions at about 0.915 yesterday and a note was sent out as per below, before buyers started coming in.
Feels good to see the arrows on the chart playing out.... Let’s see if it can touch 1.00 by next week. J
Recent Email:
Sent: Wednesday, February 15, 2017 10:06 AM
Subject: ******* Thaibev: A short term positive above 0.900 now, price 0.915
Subject: ******* Thaibev: A short term positive above 0.900 now, price 0.915
After consolidating below the key 0.900 level since Nov, finally today, we have seen a move above on the back of its result coming in above expectations and a slew of positive coverage by research analyst. With it holding above 0.900 now, we can expect more strength towards 0.95 then the key 1.00 in the short term. Short term MA is beginning to reverse upwards on this move with momentum indicator also just creeping into positive zone recently.
For illustration purpose only
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