The TUI share starts the new week with a jump. The travel group’s share price is currently gaining more than 8.5 percent (!) To 5.33 euros, and so far this day the value has already peaked at 5.396 euros. With the price jump, the TUI share continues its upward movement, which has picked up momentum especially since November 9th – Pfizer and BioNTech had announced the effectiveness data of their COVID-19 vaccine candidate and the stock exchange has since celebrated this as a kind of beginning of the end of the Corona -Crisis.
The recovery movement of the TUI share started in mid-October, just above a broad and important technical chart support zone, which extends around EUR 2.73 / EUR 2.88. Since then, TUI’s share price has more than doubled. A new technical buy signal will be added in trading on Monday. Strong technical obstacles between 4.83 / 4.84 euros and 4.914 euros are overcome as well as the 200-day line, on which the TUI share did not receive a stable buy signal on Friday despite an interim increase to 5.00 euros – that will be made up today.
With the breakout, the broken brands are transformed into technical chart supports that could play a role in the event of a pullback. Between EUR 5.31 and EUR 5.62, TUI’s share price hits the next technical obstacles.