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.
(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.
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