ST Engineering: Consolidation in Symmetrical Triangle
ST Engineering is currently consolidating in a Symmetrical Triangle.
Previous analysis on ST Engineering.
Keppel Land: Consolidate in a Rectangle
Keppel Land has ended the down trend after breaking out from the down trend channel. Currently Keppel Land is trading in a Rectangle within the range of $3.77 and $3.27. Range bound for now until the breakout of support or resistance of the rectangle.
See previous post on Keppel Land.
Thai Beverage: Watch for Trend Reversal
Thai Beverage rebounded strongly recently after breaking out from the down trend channel and move above 200D SMA. See previous THBEV chart here. Wait for the retracement back to $0.525 to form the right shoulders of Inverted Head and Shoulders. So far THBEV reacted very nicely to the Fibonacci Retracement Level.
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