Thomas Cook (TCG.L) was the top relative strength performer for most of the last year in the the UK market and has spent a number of months consolidating it's gains through the summer and autumn, but is attempting to make a Stage 2 continuation move currently. Volume was just under two times average volume last week and the relative performance is still very strong.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.
TNK is attempting a Stage 2A breakout against the falling market of the last few days. Volume is close to the weekly average after only two days, so it has the potential to meet the two times the weekly average volume requirement. Relative performance is attempting to break above the zero line for the first time in a number of years, but there is still some near term resistance in the upper $3 range also, which could provide a challenge. Attached is the charts.
isatrader
Fate does not always let you fix the tuition fee. She delivers the educational wallop and presents her own bill - Reminiscences of a Stock Operator.