Thai Beverage... Happy Hour not yet but soon?

After a sobering (pun intended) August that World Cup 2018 would not trigger any decent numbers in liquor sales. Thai Beverage had formed a double bottom when it traded sideways for 2 weeks. Stock had continue to bounce upwards ever since.

As weekend draws near and with the counter trading on a low volume. One might see profit taking before the weekend before there is a possibility of a more genuine testing of the 50 MA line next week.

S1 : $0.675
S2 : $0.620
R1 : $0.740
R2 : $0.780



Thai Beverage
Chart plotted using POEMS 2.0





Popular posts from this blog

Tax savings for Singaporean income earner by contributing to SRS (Supplementary Retirement Scheme)

Image
One key principle of tax planning is that you, the income earner,  must always save on tax expenses by paying at the lowest tax bracket. You don't need to be a Tax Accountant to know that SRS works for you to managed your Tax planning effectively. For every one dollar you save into your SRS account brings down dollar for dollar your taxable income. If you are a high income tax bracket payer, it could even bring you down to a lower tax bracket. For 2017, the median salary of a Singaporean is S$4,232. (Source http://stats.mom.gov.sg/Pages/Income-Summary-Table.aspx ) That is $50,784 annually. The tax payer is getting some of his taxable income to be charged at the 7% tax bracket group. By contributing the full SRS allowed of $15,300. The tax payer actually bring him down to the 3.5% tax bracket group. It is a tax savings of $912.94. That makes an almost thousand dollars of tax savings for Singaporean income earner with median income by contributing to Supplementary Retirement S...
Read more

Raffles Medical...still consolidating but show signs of base forming

Image
Raffles Medical has been trending down ever since it did a stock split on May 2016. Counter has been trading sideways since August last year. A base seems to be form at 1.05 and stock is attempting to retake the 20 Day Moving Average. Stochastic and RSI was oversold and is begining to point upwards. Investor can consider to buy to accumulate around 1.08 and establish a price target of 1.14 and put a stop loss around 1.03. Trade duration : 2 to 3 months. S1 : 1.04 S2 : 1.07 R1 : 1.15 R2 : 1.19 Raffles Medical Chart plotted using POEMS 2.0 Related reports : 180502 - PHILLIP - Raffles Medical Group Ltd  
Read more