TCOM testing significant resistance
Trip.com (TCOM) presently testing significant long-term resistance, able to contain monthly buying pressures. From here, sellers can gain control and (TCOM) can fall back to support, eliciting losses of 20% over the following 2 - 3 months. Inversely, a weekly settlement above this long-term resistance would result in a buy-signal where gains of 20% would be expected over the following 2 - 3 months, and 50% over the following 12 months.
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