Thomas cook - TCG

measured move suggest circa 95/100p as target.

it will move quickly if current levels breaks down - 123/118

dl.dropboxusercontent.com/u/40497882/Thomas_cook_weekly.PNG




rgds WS

Yikes, not good. Losing trade!

ouch! stop triggered on drop this morning. Staying out of this now but will keep an eye on it to see where it bottoms.

Thanks TF, looks like it bounced off MA20. Hopefully results released tomorrow will be ok.

uk.advfn.com/p.php?pid=chartscreenshotsh...C3VM=&symbol=L%5ETCG

This still looks ok imo, despite the unexpected drop today!
It has support in this 129/130p area, its still above the moving ave's,which should provide support.
This looks like its building a up trend channel, so my stop is below this trendline line atm.
This has results/trading update tomorrow, so a bit of gamble, but i have taken some profits, so happy to take the risk now.

Hope that helps,
Regards
Trendfriend.

I'm hoping it has just bounced off low of 129.6, luckily had stop at 129 so didn't get hit. Needs a strong bounce though so watching carefully atm