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Thaibev

ThaiBev (More downside ahead?)View On TheiBev (17 Mar 2021) We are seeing weakness in the counter. As far as I know Thai Bev have exposure in Myanmar Market. 0.72 is strong support and 0.69 will be the next support. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
SGX:Y92Short
by SonicDeejay
ThaiBev (Attitude is everything)View On ThaiBev We are seeing potential massive unloading near 0.62-0.65 region and we may see BIGger drop soon. So, it is better not to buy in at all at this moment. As long as the price do not overtake $0.655, we will not turn bullish again. It is the make (or) break region. It can go to 0.55 or even $0.525 region. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor. DISCLAIMER: Any opinions, news, research, analyses, prices or other information discussed in this presentation or linked to from this presentation are provided as general market commentary and do not constitute investment advice. Sonicr Mastery Team does not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.
SGX:Y92
by SonicDeejay
1
USD/THB 4H Chart: Breakout form triangle USD/THB 4H Chart: Breakout form triangle The American Dollar was trading against the Thai Baht in a two-week long symmetrical triangle. In result of the previous trading session the currency rate made a breakout to the bottom. The bearish movement is not evident yet. Nevertheless, the slipping 55- and 100-period SMAs together with the weekly PP suggest that sudden surge is unlikely. However, in larger perspective the soar is expected to continue, as in the end of November the pair made a rebound from the lower trend-line of a four-month long descending channel. An upcoming decision on the US interest rate hike as well as growing economy also point out in favour of further appreciation of the buck. To certain extent, market sentiment confirms this assumption, as 72% of traders are bullish on pair. However, such common view might be also a signal of the upcoming turnaround.
by UnknownUnicorn890690