ThaiBev as observed is a very much talk about stock at the moment mainly because it has fallen from a high of about $0.985 in Aug 2016 to $0.64 on 24th Aug 2018, that is like a drop of about 65% already. Has it reach bottom or still have some more downside ? That probably is the most discussed about among the stock community now. Apparently, most analysis came across is using Elliott Wave so here will be using Elliott Wave to analyze.
The above is the big picture regarding the amount of drop with respect to Fibonacci Ratio. The 161.8%, a very common level to drop to is around the current level at $0.645. However, there is no guarantee it will not go beyond that.
The chart above is the famous STI crash in 2008 during the GFC. It has ......