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Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% of retail investor accounts lose money when trading spread bets and CFDs with this provider. You should consider whether you understand how spread bets and CFDs work, and whether you can afford to take the high risk of losing your money.

Trading the trend: long TUI

We would like to go long the TUI Daily Financial Bet (DFB) following positive H1 2024 results and a bullish chart picture with an upside target at 700.0 and a stop loss below the March low at 515.5.

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(AI Video Summary)

Previous GBP/JPY trading outcome

This week's "Trading the trend", presented by Axel Rudolph on May 15, 2024, reviews successful trades in spot gold and GBP/JPY, with continued optimism for gold's rise toward $2,400 and cautious monitoring of GBP/JPY due to potential Bank of Japan intervention and US CPI data volatility.

This week's trading opportunity

Spotlighting TUI, with robust first-half revenues of 3.6 billion euro and promising summer bookings, the advice for this week's trading opportunity is to go long on TUI shares. The strategy involves a stop loss below the March low of 515.5, targeting an upside of around 700.0, following a bullish retest of the uptrend line.

This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.

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