ThaiBev after hitting the high of 1.06 on 2nd August 2016 it has since retreated and went down to touch 99 cents on 25th August 2016. This is quite bearish.
The current price of 99 cents is hovering below the 20SMA lines and looks like it may head lower to re-test 97 cents ( 50SMA) level.
Macd is also pointing downwards which may likely provide further indication that the share price may continue to trend lower.
Short term wise, I think it will head lower to re-visit 97 cents. Breaking down of 97 cents may see further selling down pressure and head lower towards 90 cents then 83 cents with extension to 80 cents.
( trade base on your own decision)
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