Technical Analysis
Thai Beverage Forming Descending Triangle
By My Sweet Retirement  •  November 1, 2016
It has been a long time since I tried technical analysis. To be honest, I am not really very good at it. Was watching Thai Beverage in my watch list and decided to check out whether it is worth jumping into. The stock price has appreciated quick a fair bit since I looked at it when it is at $0.72. Based on the bearish pattern, a descending triangle is forming based on 1st August 2016 to current 28th October 2016.

Conclusion

I shall be staying clear of Thai Beverage for now. There is potential further breakdown below $0.91 ......
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By My Sweet Retirement
I am a working salaried professional in my mid 30s. Just like most Singaporeans, I worked long office working hours, often trying very hard to find some work life balance. The Sweet Retirement Blog was created to share my journey towards achieving a comfortable retirement life. I believe we cannot simply rely solely on our Central Provident Fund savings when reaching old age. Neither can we rely solely on our bank savings as we all know the interest rates cannot beat inflation.
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