On Wednesday, THBEV broke the support at $0.455 and closed at $0.42 with HIGH volume of 0.12 billion shares traded.

RSI & MACD are bearish though RSI in oversold region.

Important Resistance of THBEV: $0.455

Immediate Support of THBEV: $0.385

Currently prices are well below 20/50/100/200 days MA.

For the past 2 trading sessions, THBV has been under heavy selling pressure especially when prices broke the critical support at $0.385. This is a bearish signal.

The resistance at $0.445 is expected to be strong.

We do not suggest buying now especially when THBEV is under heavy selling pressure. Watch for any consolidation at the $0.385 support before entry.

Stock Chart: THBEV! is contributed by : Singapore Stock Information Exchange