Once the country starts opening up, expanding operations more you'll see a flow of interest enter the market. You know me, know my trading style I BUY LOW SELL HIGH! Expecting this one to rally soon enough. Thailand is the Tourist go to destination! SET:THAI Thai Airways International - Since 1961
Based on 2005 data - We had an all time low and price is now at present reached back into this area. I am only looking at Purchasing the Airways Stock after Months of continuous Down Trend. LONG TERM OPPORTUNITY
A delay in the court proceedings due to two objective petitions against the restructuring plan. Court will re-convene on June 15th. I'd say this put a crack in the market's expectations about the plan going through, previously operating on the information of 90% of creditors approving the plan and seeing some doubt now. The low of 0.13 is higher than the previous...
Fibonacci trading + speculation about catalysts. Thai Airways debt restructuring and economic re-opening returning Thailand's tourism industry could make this Fibonacci potential a reality. Consider that the Finance Minster of Thailand is a 50% stakeholder in TAWNF and that 90% of creditors have given the green light to go ahead ensuring strong incentives for the...
It stands above MVAVG after 50% pullback from the previous peak. Good momentum.