TECHNICAL ANALYSIS
STOCK OF THOMAS COOK
Weekly View THOMAS
COOK
The stock is trading on an
uptrend on weekly time frame. The stock is moving within the channel line and
is expected to give the channel line breakout. The parabolic SAR also suggests
that the dots are below the price level and if the volume will also be high
then the stock will go higher. Buy Thomas Cook above 290 with the target around
305-320 and the stop loss at 278. The company started the process of spinning
off Quess Corp's shareholding and restructuring will free up both Thomas Cook’s
and Quess' growth trajectories. The contours as well as the timeline of the
deal are yet to be disclosed.
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