Clear Bullish breakout in Thomas Cook

Thomas has broken out of its 3 month range with reasonably high volumes. As shown in the chart, the stock has closed above 50 after over 2 months of consolidation between 40-50.

The stock will probably target its recent early december high at 58 in the short term with any weekly move beyond the 58-61 area leading to its pre crash december 2019 levels of 70.

The stock can be bought with a daily closing basis stop loss of 46.5 with an immediate target of 58-61.


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