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.

THBEV Sept28-2013

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