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).