Technical Pulse: Thai Beverage PCL October 22, 2021 430

Thai Beverage (US: Y92) has finally seen some light at the end of the tunnel after technical has shown promising signals to the upside:   


  1. The formation of the double bottom between 2nd August and 21st September have come to past after prices broke above the resistance turned support level at $0.700 and uptrend has been formed as a result series of higher highs and higher lows.
  2. Despite failing to clear above the larger head and shoulder’s neckline resistance zone at $0.710-$0.715, tweezer bottom forms just right above the resistance turned support level at $0.700 as well as the Tenkan-Sen.
  3. Ichimoku shows 3 bullish golden cross after prices has trend above all 5 ichimoku’s indicator.


*Expected timeline of the trade is 15 weeks from the date of report issuance.



Ichimoku Kinko Hyo

Red dotted line = 26 periods Kijun-Sen

Blue dotted line = 9 Periods Tenkan-Sen

Green Line B= 52 periods Senkou Span B

Pink Line A = 26 periods Senkou Span A

Black line = 26 periods Chikou Span. Lagging line

Join our telegram channel on technical analysis for trends, entry and exit prices over Stocks, ETFs, and Indices!

Featuring regular TA posts and requests to analyse specific stocks
Click to join!
Notify of
Inline Feedbacks
View all comments

Get access to all the latest market news, reports, technical analysis
by signing up for a free account today!