The bull wave in Thai Bev looks tired temporary. See the 5 min chart, did you saw some dips at the top? See the up move for the past 2 days, also in the 5 minute chart, did you saw that the bull looks tired with a tighter range? You have to know this trick if you want to be a good trader/investor. These are signs of weakness and fatigues when a run has to stop momentarily. It tells you that the bull has no strength as the gas is running out and profit taking will start to occur soon. Of course, I might be wrong and let's see if it turns down more later or have to lock in $ fast.
All good thing will come to an end and all good runs will take a breather. At the moment, I saw more down side than upside in ThaiBev, but that's my personal view from reading the price movements. The chart in Thai Bev is not bearish but just tired to run further with some sellers looking profits at the top. Shorted 50 lots at top @ 0.725 and see what it will do later.
Ronald K - Market Psychologist - A Stock Market Opportunist
