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 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/thai-airways-rescue-plan-2/
ttgasia.com/2021/05/11/thailands-plan-to-reopen-to-vaccinated-visitors-sparks-hope-of-tourism-revival/
bangkokpost.com/business/2122311/thai-airways-tests-demand-in-europe
simpleflying.com/thai-airways-rescue-plan-2/
ttgasia.com/2021/05/11/thailands-plan-to-reopen-to-vaccinated-visitors-sparks-hope-of-tourism-revival/
bangkokpost.com/business/2122311/thai-airways-tests-demand-in-europe
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