TUI Travel Ltd : Still a great upward potential
Entry price | Target | Stop-loss | Potential |
---|
GBX 286.5 |
GBX 0 |
GBX 264 |
-100% |
---|
TUI Travel, one of the first "tour-operator" could reach its GBp 308.4 resistance.
The economic and financial situation of the company is still strong. Debt is decreasing rapidly and the leverage is reducing at 0.17.
Technically, the security is in an uptrend on all time scales and it is supported by moving averages. The bullish trend will not be stopped until prices are above the GBp 269 short term support. This trend should allow the stock to reach its GBp 308.4 long term resistance, which will be the first target price.
Therefore, taking into account the strong fundamentals and technical patterns, it seems opportune to take a long position at the current price. The first target price is the GBp 308.4 resistance. A breakout of this level will be a new bullish signal for higher target price. A stop loss will be fixed under the GBp 269 short term, threshold that would invalidate this trading strategy.
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