There is a lot of profit margin to reach the upper imbalance. This is a stock we are currently buying and have enough to risk to make the position risk free now after charges.
Technically we have two very strong supply zones.
Here the sell off was due to fear of the coronavirus effect.
The airline industry has majority of which halted.. however the cheap price...
would expect TUI to rise over the next few weeks, as Europeans become fond of travelling more and more again.
The uptrend shouldn't be undercut, otherwise the lows from mid-March could be tested once again.
On a daily chart, the incoming volume has steadily decreased and the price has remained stable.
I am not optimistic about a clear bullish trend, but there is a chance that volume will start to flow again in and slowly push the price.
TUI AG is was already in a clear downtrend providing us with short opportunities at monthly imbalance around 12 per share. As expected price sold off strongly from that imbalance and has ended up created another huge imbalance around 11.39 per share.
We do not need to pay attention to stock fundamental analysis when trading supply and demand imbalances. Of course...
TUI currently retracing back to the 200MA
Clear divergence on the MACD
RSI down at 26 ish
Provided the 200MA offers support and is not broken a potential buy, me thinks....only if it holds...
Looking at a buy around 200MA - 875 ish, Stop at 840 and take profit at 975.
The total turnover of the 5 largest German tour operators in 2017/18 was over 36 billion euros, twice as high as 15 years ago. At the top is a well-known company, which should profit most from the insolvency of the Thomas Cook Group.
You can find an overview of the profiteers of the insolvency here:
5. ALLTOURS
(1.44 billion euros + 1.73 million travelers)
In...
