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Thai Airways International Public Co. Ltd. NVDRThai Airways International Public Co. Ltd. NVDRThai Airways International Public Co. Ltd. NVDR

Thai Airways International Public Co. Ltd. NVDR

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THAI.R trade ideas

TAWNF Fibonacci Trading pt 2A 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 low on May 20th so this Fibonacci setup is still valid. Great buying opportunity thai.listedcompany.com
OTC:TAWNFLong
by JoeyStevens
TAWNF Fibonacci TradingFibonacci 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 courts to approve the debt restructuring tomorrow. Thailand's dependency on tourism ensures that the government of Thailand will take care of it's airline and more over create an environment conducive of tourism such as having high vaccination rates. simpleflying.com www.ttgasia.com www.bangkokpost.com
OTC:TAWNFLong
by JoeyStevens