Monday, May 13, 2013

**** Monitor the Breakout Closely: Thai Bev. Share price 0.64.

Currently in Top 3 volume, Thbev looks set to test the 0.65 resistance level which was the high last month. Tested 2 times at 0.65 last month but failed to cross above then. Traders looking for a breakout can consider taking long positions at these level.  A break above 0.65 can see it go to 0.700 in the near term. We would add our long position on this breakout and take profit around the 0.68 to 0.700 region.
Stop loss at 0.635 if the breakout does occur. 

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