Thai Bev (technical)

Thai Bev: technical warning regarding potential formation of the classical "head & shoulders" formation - a negative chart pattern. Aggressive traders may attempt to "play the bounce" , as the share price approaches the $0.55 key support level, but be quick to cut loss and switch to a sell trade on a downside break of the support line, as such a move would result in confirmation of the "head and shoulders" chart pattern, and could portend subsequent tests of next support levels at $0.50 and $0.45.