Expedia DistributionWyckoff Distribution on Expedia, probably the worst company for customer service on earth besides Comcast.
Low volume on the ups, large volume on selloffs.
H&S Shape with matching volume profile (low volume climbing, high volume dropping)
The chart looks good and I also hope this company ceases to exist so lets all hope I'm right!
EXPE
EXPE approaching resistance, potential drop! EXPE is approaching our first resistance at 138.15 (horizontal overlap resistance, 61.8% fibonacci extension, 61.8% fibonacci retracement) where a strong drop might occur pushing price down to our first support at 120.25 (horizontal pullback support, 61.8% fibonacci extension).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop below this level.
Expedia (EXPE) - next short impulse on the way?In the course of the last trading year, the price was not sustainably able to surpass the intermediate high at approx. $133.00 from the year 2015. Since then, a mid-term downward trend has formed, offering attractive chances for short entries.
If prices stay under $126 the stock has good chances to go down to targets at $107 and later at $98.
EXPE - Upward channel break Short from $111.13 to $83.13EXPE was a Presidential picks & Xmas wish-list, nicely it hits its First target of $113 form $122.87 & now we are looking for a second zone trade opportunity.
It is running within a big upward channel formation & we are looking for a break of upward channel.
Trade Criteria
Entry Target Criteria- Break of $83.13
Exit Target Criteria- $111.13
Stop Loss Criteria- $118.13
Option - $115 Apr Puts @ $8.26
You can check detailed analysis on EXPE in the trading room/ Executive summary link here-
www.youtube.com
Time Span- 5:50"
Trade Status: Pending