Carabao Group ( $CBG )Carabao Group's valuation and earnings have narrowed compressing its multiple. This is mainly because its stock price went through a euphoric phase which coincided with a global market blow off top in 2020-2021.
The stock price overshot and has been compressing while the company tries to grow into
3.00 THB
2.84 B THB
20.96 B THB
About CARABAO GROUP PUBLIC COMPANY LTD
Sector
Industry
CEO
Sathien Setthasit
Website
Headquarters
Bangkok
Founded
2001
ISIN
TH6066010R13
FIGI
BBG007B065C0
Carabao Group Public Co. Ltd. is a holding company, which engages in the manufacture, marketing, sale, management, and distribution of energy drinks and other beverages. It operates through the following segments: Manufacture and Distribution of Drinks under Group's Trademark; Distribution of OEM Products under Group’s Trademark; and Distribution of Other Products. The company was founded in 2001 and is headquartered in Bangkok, Thailand.
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CBG | Doubled Bottom Breakout in TFW - 1st Trend ReversalPrice action and chart pattern trading setup
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Carabao Group PCLShare has been falling because it was over-hyped and over-valued.
I am expecting more of a pullback and a retest critical support zones between (90-87 baht) (87 -80 baht). We should see a bounce at these levels, bouncing off an existing trend line . However, if that doesn't hold then we could see a
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Indicators:
>RSI - Bullish Divergent
>MACD
See all ideas
Summarizing what the indicators are suggesting.
Oscillators
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Neutral
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Neutral
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Neutral
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Moving Averages
Neutral
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Moving Averages
Neutral
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Displays a symbol's price movements over previous years to identify recurring trends.