THAI UNION GROUPLong
Interesting TU after Red Lobster filed for Chapter 11 bankruptcy
1. 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
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
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.