Bias more on upside. 27th March 2022
Good news that Singapore has finally removed after 10:30pm no alcohol restriction. This may bring good news for people who love to drink and may bring even better news to alcohol supplier.
From weekly chart perspective, we can see that Thaibev is stuck at the breakup/down conjunction. However, with the news, I'm bias more on the upside.
First resistance, 50% Fibo at $0.73, if break and closed above, we shall see next at $0.78
Y92
Y92 BUY/LONG INCOMING! 0.620 to potentially 1.100 and higher! TICKER CODE: Y92
Company Name: Thai Beverage PCL
Industry: Alcoholic Beverages/Drinks | Consumer Goods | Singapore
Technical Analysis
1. Large Pennant / Falling Wedge Pattern Broke out and Retraced already
2. Large Head & Shoulders
3. Fibonacci Retracement at 0.618 (Golden Zone)
4. Fibonacci Expansion Safe Take Profit Level 1 (Grey Zone) Also the length of Flagpole
5. Full Take Profit at Fibonacci Expansion 1.618 is also at H&S Take Profit (80% of Head Price Range)
Entry: NOT READY
Entry Price: 0.620
1st SAFE Partial Take Profit: 0.910
2nd Partial Take Profit: 1.100
EXPECTED Take Profit in November 2021 - July 2022
NOTE THAT MY BIAS ON this would be a good long climb in the coming years.
Expecting the market to climb to 1.8++
Y92 - SGX - Still Potential BullishHumbled, we would like to thanks for your support who has already liked, commented and followed us.
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Y92 - SGX - Still Potential Bullish