Oil stocks dragged London shares deep into the red on Tuesday after crude prices hit a five-and-a-half year low.The FTSE 100 Index closed 86.51 points adrift at 6,547 as the price of a barrel of Brent crude dropped below $57,although it later recovered slightly. Ultimately, the 6650 level looks to be a bit resistive, as it was previously supportive. Any pullback in the index is buying opportunity , Index can test the level of 6900 with the support of 6400.
RECOMMENDATION
BUY
TARGET 140
The Major trend of Thomas Group Plc is trading in tight range the secondary trend of the stock is sideways and stock has formed the bottom up for upcoming session stock is looking strong on charts.Stock is facing resistance from the level 130 with the stop loss of 125for the target of 140.
Thomas Cook Group
Plc
CHART FORMATION:-
Stock is showing consolidation and not managing to sustain at lower level crossing of resistance level can test the level of 140
It's trading above 50 DMA has given the break out above 200 DMA which is indicating buying in the stock.
INDICATORS:-
RSI is trading above the level of 55 and showing consolidation , Breaching of the resistance level can manage to test further high.
MACD and Signal line is manages to give break out above zero level line sustaining above it can sjow upside movement.
ADX is trading above 25 level , Positive DI is about to give break out above negative DI with positive bias.
TOP GAINER
Name
|
Close
Price
|
Change
%
|
Next
|
6725
|
3.22
|
Enterprise
Inns
|
112.6
|
1.81
|
Rio
Tinto
|
2993.5
|
0.93
|
Tate
& Lyle
|
609
|
0.58
|
Dly
Mail & Gen Tst A
|
820
|
0.49
|
TOP LOSER
Name
|
Close
Price
|
Change
%
|
Sabmiller
|
3313
|
-2.89
|
Centrica
|
278.5
|
-2.69
|
United
Utilities
|
910
|
-2.52
|
Severn
Trent
|
1991
|
-2.45
|
Bg
Group
|
868.6
|
-2.37
|
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