After peaking in May last year, the stock of Thomas Cook Group (LON: TCG) sold off and got back to levels last seen in 2012. The successor of the oldest travel company in the world (Thomas Cook & Son), has been struggling to find interest from investors for almost a year now, but recently, the stock started showing signs of consolidation. This means...
Will be waiting for TCG to hit one of the two orange support lines before opening a long position.
The thicker support has recently only been hit within a day of trading so if a candle closes at the less thick orange line chances are it won't go down to the thick orange line
Thomas Cook plc 5 days ago reached a 3 year peak. It then flirted with that high for a few more days until it dropped today.
There was a warning for traders a couple of days back that a short movement was coming.