ThaiBev - looks rather bearish from TA point of view . After hitting the high of 97 cents on 23rd February 2017, it has since drifting lower and lower each day and went down to touch 86 cents yesterday (16 May) .
Three black crows continuously for past 3 candlesticks signifies bearishness . Looks like it may Ho lower to test 85 then 83. Breaking down of 83 may see further selling down pressure towards 80 then 78 cents.
Both Macd & Rsi are being driven into oversold territories.
Rolling EPS 4 cents .
PE - 21.25x
Dividend of 2.3 cents
Yield - 2.7%.
I think Price seems quite a good accumulation points 78 - 85 cents for a rise towards TP of $1.00.
(Trade base on your own decision)
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