Interesting TU after Red Lobster filed for Chapter 11 bankruptcy1. TU hit resistance by trend-Based Fibo Extension at 15.2
2. On Jan 16, 2024, TU’s board of directors announced that it is working to exit the investment in RedLobster, in which it became a strategic partner and minority investor in 2016. Behind this is theprolonged red ink contribution as the restaurant chain was hit by the COVID-19 pandemic andhigher interest rates, raw material and labor costs. It also notes that Red Lobster’s ongoing
financial requirements no longer align with TU’s capital allocation priorities. (Innovest-X)
3. For short term weekly support and resistant 14.7/15.5/16.3
Hey ! This Thailand stock is so interesting !Hey ! This Thailand stock is so interesting !
Via trading or mid-term investing, it's both valuable to action.
This stock company name is Absolute Energy, stock quote is " EA "
This company provide Electricity Energy with a clean energy.
This company makes a profit every year and pays dividend yields around 2% per year. (at price 24.00 THB per share)
For more info on EA stock, financial, and major shareholders please visite www.set.or.th website.
And here below is my view.
STEC heading clear on technical and revenue1.In sideway pattern support 9.4 with Fibonacci and RSI in oversold buy at support
2. within July2024 STEC hold backlog form Thailand Government Budget that may increase earning on 2H2024