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Co-ordinated attack. Share trashed using the current negative pox and market news.
However sales for holidays this summer are at all time high, TUI look on course to make a lot if money and have consolidated their market position to be a more powerful force moving forward.
Make sense to raid, with the negative market and a share that has already fallen, then attacking the auto sellers with a tree shake to clean up the shares and rise the price to sell back into the market is a common tactic.
And judging by the buy to sells today, that appears to have happend as everything sold is being bought immediately.
Monkey pox was hyped up too much by press and caused a knock on effect. Combined with share issue.
However considering they are saying this year and next are going to be massive peaks for holidays, then you can see that TUI are about to make a lot of money.
220 is now viewed at the low platform, so at 190 a share there is plenty of upside.
The fall started on the 18th May and dropped 11%, which based in previous times looks like this was the final shake this morning and now well over done.
Sells being eaten, and with any volume buys this will bounce fast.
Monkey pox hype now done and being dealt with. Summer holiday sales are set for a record high.
Easy money
Final thirdly day shake, looks like all the sells are being eaten up, can see this move back to 200's fast with some volume buys, will be alot of larger holders using this chance to average down
Seems like the major sellers are done and just auto's playing. Looking at when any volume enters the market this jumps up, could see this ride back to 1700'a fast now we are entering major revenue season
Looking at the data it appears that crypto is tracking for another crash. Unfortunately block chain has failed to actually delivery anything other than being a Ponzi scheme, it's a shame that the tech has failed to be materially useful.
Maybe another 5 to 10% drop to this next week.
Sorry, I know for a lot of long term holders that's bad news, and I'm sure I will get hate, but it's clear to see that the crypto bubble is still bursting.