Thai Airways International (OTCMKTS:TAWNF) continued to move higher on Friday and ended the week with a triple-digit rally.
Market Action
TAWNF stock gained by 52.69% to close at $0.1985 on Friday. More than 174.81 million shares traded hands for the session twenty times its 30-day average volume. The stock opened at $0.1391 and moved within a range of $0.1175-$0.240. TAWNF ended the week with a gain of about 179%.
TAWNF in News
Earlier this week, Thai Airways International was in news. Here are the key reviews:
Thai Airways creditors delay vote on debt restructuring plan
- Thai Airways International Plc delayed a vote on its restructuring plan by a week after some creditors pushed for changes and sought time to study some last-minute tweaks unveiled by the administrator.
- The creditors will now meet again on May 19 after 20 of them proposed postponing the vote, Thai Airways said in a statement.
- Wednesday’s meeting held by video conference, some debt holders sought more clarity about details of the restructuring plan which included some changes, the carrier said.
Trader Notes
TAWNF still trades well below all its moving averages.
| +/- EMA(20) | 0.30 (-33.33%) |
| +/- SMA(50) | 0.75 (-73.33%) |
| +/- SMA(200) | 0.27 (-25.93%) |
Recent Performance
| 5-DAY PERF. | +179.18% |
| 1-MONTH PERF. | -83.99% |
| 3-MONTH PERF. | +65.42% |
| 6-MONTH PERF. | +82.44% |
| YTD PERF. | +80.45% |
| 1-YEAR PERF. | +24.06% |
Potential pivot points to keep an eye on are .207 .285 and .407 above and .085, and .04 below.
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