Thaibev: Downtrend may still be intact, cautious more selling. Price 0.67


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Just last week, we have seen Thaibev rebounding above 0.700 but hitting a road block at the 100 day MA line…

And also still being capped below the channel resistance line…

There were some bearish price actions spotted and hence some downside targets drawn as seen below…

We are nearing support at 0.66 now where some buying ..

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But would not rule out more selling on more bearish actions seen…

Where our target can still play out….

To 0.60 potentially….

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