Author: Trading Impossible | Joey Choy
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Thaibev has seen a really good recovery since the beginning of 2019 when it first cleared above the 0.62 resistance and caught our attention…
and up it went with each passing day..
Just last week, we spotted some bullish actions in Thaibev again with it attempting to break though the key resistance at 0.67..
Some upside was expected and targets drawn… with short term momentum still strong
Over the past few days, target has been hit at around 0.72 and breached too..
We have been trying to push higher from this new 0.72 support with some slight resistance at 0.75 now..
Awaiting more bullish price actions which can see the upside reversal continue towards 0.78 as per revised target.. while taking steps to protect profits.
What a good run caught indeed…
We had a recent bullish entry signal on the PTI system too, still no exits for now… let’s see when..
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Thaibev: Upside reversal still in progress after recent rally? Price 0.735