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Tuesday 4 March 2014

Thaibev (THBEV) - uptrend continues, symmetrical triangle breakout

 Apologies that this is like becoming a habit.. but it is real late now.. so post first talk later (tomorrow)..















Picture speaks a thousand words (for now). analysis coming up soon....

Cheer! remember to share my post if its useful!

edit on (6 Mar'14):

think there is no need for my analysis now. the price action has spoken for itself. Broke out from the sysmmetrical triangle is completed with increased volume. Now is a matter of how long can the volume substain, and how high can this rally go. Currently there is immediate resistance at $0.620, the next major resistance will be at $0.650. If you like, you can take some minor profit now (around 8% gain, small woohoo!), and leave some on the table to wait for further upside.

Cheer! more profit to come!

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