THAI BEVERAGES stock seemed to have a roller-coaster kind of performance year-to-date. The stock traded at the open of the trading year at $0.69 and rallied by more than 50% to reach $1.05 in August 2016 and thereafter, Thai Beverages stock retreated by around 19% to close at $0.85 yesterday.
Looking at the technical chart of Thai Beverages stock, the stock price has gone down the 200-days-moving-average which in the technical analysis parlance means that Thai Beverages stock is in a downtrend and should still head south. This is possible since the RSI of Thai Beverages stock is still at not Oversold. An important price support investors should look at is the $0.84 price support. Should this support be broken, I believe there could be significant downside of the stock to the next support at $0.70.
The above is my interpretation of Thai Beverages stock ......