Are TUI Group hibernating for winter?

#CAC40_Futures #Nasdaq When we previously reviewed #TUI, we speculated on whether the troubled German travel company would bounce at 211p. Alas. its first reversal to our target happened last October with the share managing to briefly break 211p by a minimal amount on the first surge downward. While the price appeared to bounce at 210.7p, we dare not ignore this initial break and now, with the share trading at 205p, we’re curious if the new Covid variant provokes further trouble.

Importantly, the share price is now trading at an all time low, rarely an encouraging signal, and despite the bounce from our 211p level being around 20%, the share price actually required exceed 290p before ticking the first box to suggest safety. This resultant situation illustrates how unpleasant the market can be, when demanding a share price go up by 40% before it becomes a ‘safe’ buy can sound quite ridiculous.

 

The immediate situation for TUI Group suggests ongoing weakness below 189p risks reversal to 178p initially. We’ve fairly reasonable arguments anticipating some sort of rebound should such a level appear, especially as our secondary (should 178 break) calculates at a visually absurd ultimate bottom of 56p! Perhaps everything depends on if the new virus variant justifies yet another ban on foreign travel but we notice some conciliatory language is now being used in the media, indicating “they” finally are starting to appreciate scare stories without foundation serve no purpose.

The alternate scenario, if we look for early signals which point to a proper bounce, suggest movement above 224p should bring an initial 230p. If bettered, our secondary calculation provides at 255p, this liable to prove important for the longer term. Closure above 255p should make ongoing recovery to 316p possible, taking the share price above the current Blue downtrend into a zone where some safety can be assumed.

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FUTURES

Time Issued Market Price At Issue Short Entry Fast Exit Slow Exit Stop Long Entry Fast Exit Slow Exit Stop Prior
10:38:35PM BRENT 68.91
10:40:33PM GOLD 1778.87 ‘cess
10:43:07PM FTSE 7059.74 Success
10:45:18PM FRANCE 6787.6 6750 6717 6655 6846 6903 6918 7010 6820 Success
10:47:20PM GERMANY 15178.76 ‘cess
10:51:17PM US500 4513.67 Success
10:57:48PM DOW 34078 Success
11:00:38PM NASDAQ 15896 15829 15773 15683 15900 15907 15935 15971 15844 Success
11:03:01PM JAPAN 27502 Success

 

1/12/2021 FTSE Closed at 7168 points. Change of 1.54%. Total value traded through LSE was: £ 6,397,928,527 a change of -42.03%
30/11/2021 FTSE Closed at 7059 points. Change of -0.7%. Total value traded through LSE was: £ 11,036,747,551 a change of 76.98%
29/11/2021 FTSE Closed at 7109 points. Change of 0.92%. Total value traded through LSE was: £ 6,236,169,403 a change of -24.07%
26/11/2021 FTSE Closed at 7044 points. Change of -3.64%. Total value traded through LSE was: £ 8,213,079,898 a change of 119.92%
25/11/2021 FTSE Closed at 7310 points. Change of 0.33%. Total value traded through LSE was: £ 3,734,503,289 a change of -30.71%
24/11/2021 FTSE Closed at 7286 points. Change of 0.28%. Total value traded through LSE was: £ 5,389,556,678 a change of 0.75%
23/11/2021 FTSE Closed at 7266 points. Change of 0.15%. Total value traded through LSE was: £ 5,349,222,584 a change of 8.04%

SUCCESS above means both FAST & SLOW targets were met. ‘CESS means just the FAST target met and probably the next time it is exceeded, movement to the SLOW target shall commence.

Our commentary is in two sections. Immediately below are today’s updated comments. If our commentary remains valid, the share can be found in the bottom section which has a RED heading. Hopefully, this will mean you no longer need to flip back through previous reports. HYPERLINKS DISABLED IN THIS VERSION

Please remember, all prices are mid-price (halfway between the Buy and Sell). When we refer to a price CLOSING above a specific level, we are viewing the point where we can regard a trend as changing. Otherwise, we are simply speculating on near term trading targets. Our website is www.trendsandtargets.com.

UPDATE. We often give an initial and a secondary price. If the initial is exceeded, we still expect it to fall back but the next time the initial is bettered, the price should continue to the secondary. The converse it true with price drops.

We can be contacted at info@trendsandtargets.com. Spam filters set to maximum so only legit emails get through…

Section One – Outlook Updated Today. Click here for Section Two – Outlook Remains Valid shares

Click Epic to jump to share: LSE:DGE Diageo** **LSE:ECO ECO (Atlantic) O & G** **LSE:FRES Fresnillo** **LSE:ODX Omega Diags** **LSE:OPG OPG Power Ventures** **LSE:PMG Parkmead** **LSE:RKH Rockhopper** **LSE:VOD Vodafone** **LSE:ZOO Zoo Digital** **

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Updated charts published on : Diageo, ECO (Atlantic) O & G, Fresnillo, Omega Diags, OPG Power Ventures, Parkmead, Rockhopper, Vodafone, Zoo Digital,

LSE:DGE Diageo. Close Mid-Price: 3846 Percentage Change: + 1.22% Day High: 3950 Day Low: 3795.5

Continued trades against DGE with a mid-price ABOVE 3950 should improve t ……..

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View Previous Diageo & Big Picture ***

LSE:ECO ECO (Atlantic) O & G Close Mid-Price: 17.62 Percentage Change: -6.00% Day High: 18.75 Day Low: 17.62

Weakness on ECO (Atlantic) O & G below 17.62 will invariably lead to 16.5 ……..

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LSE:FRES Fresnillo Close Mid-Price: 907 Percentage Change: -0.11% Day High: 920.2 Day Low: 906.2

In the event of Fresnillo enjoying further trades beyond 976, the share sh ……..

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View Previous Fresnillo & Big Picture ***

LSE:ODX Omega Diags. Close Mid-Price: 25.48 Percentage Change: + 12.00% Day High: 33.25 Day Low: 21.5

Target met. Continued weakness against ODX taking the price below 21.5 ca ……..

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LSE:OPG OPG Power Ventures. Close Mid-Price: 13.25 Percentage Change: + 0.00% Day High: 13.25 Day Low: 13.25

All OPG Power Ventures needs are mid-price trades ABOVE 14.25 to improve a ……..

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View Previous OPG Power Ventures & Big Picture ***

LSE:PMG Parkmead. Close Mid-Price: 38 Percentage Change: + 0.53% Day High: 37.1 Day Low: 36.7

If Parkmead experiences continued weakness below 36.7, it will invariably ……..

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LSE:RKH Rockhopper. Close Mid-Price: 5.03 Percentage Change: + 3.61% Day High: 4.9 Day Low: 4.5

Weakness on Rockhopper below 4.5 will invariably lead to 3.2p with second ……..

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View Previous Rockhopper & Big Picture ***

LSE:VOD Vodafone. Close Mid-Price: 111.06 Percentage Change: + 1.57% Day High: 112.62 Day Low: 107.44

Weakness on Vodafone below 107 will invariably lead to 104 with secondary ……..

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View Previous Vodafone & Big Picture ***

LSE:ZOO Zoo Digital. Close Mid-Price: 121 Percentage Change: + 0.00% Day High: 121 Day Low: 121

Now below 121 suggests reversal coming to 114.25 and hopefully a bounce. I ……..

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View Previous Zoo Digital & Big Picture ***

*** End of “Updated Today” comments on shares.

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