Thai Beverage: Hanging Man!

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Thai Beverage (THBEV) showed a Hanging Man, potential reversal pattern, at 50% Fibonacci Retracement Level after breaking down from a Symmetrical Triangle chart pattern. Minimum price target is $0.655. Standby to short!

THBEV Aug29-2015

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Thai Beverage (THBEV): Forming the Right Shoulders of Inverted Head and Shoulders

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Thai Beverage (THBEV) is formingthe Right Shoulders of Inverted Head and Shoulders after retraced back to the $0.525 support (61.8% Fibonacci Retracement Level). See previous analysis for THBEV.

If the neckline resistance (about $0.60) is broken, the target price of THBEV is $0.69-$0.70 (161.8% Fibonacci Retracement Level).

THBEV Oct31-2013

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Thai Beverage: Watch for Trend Reversal

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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.

THBEV Sept28-2013

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