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Thai Beverage Breaks Down from Descending Triangle

Thai Beverage has always been in my stock watch list (Most people drink beer in good times and bad times right?). I have always wanted to own a beer company in my stock portfolio and it is about buying at the right price.

Previously, I have wrote about Thai Beverage forming a descending triangle. This is a bearish pattern. On 16th November, the chart confirmed that Thai Beverage has broken down from the descending triangle pattern which confirms the downtrend. (more…)

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