Bulls in the Driver’s Seat at Avis Budget?Avis Budget rallied in the fourth quarter on a value-driven short squeeze. It’s calmed down since but now may be showing some interesting patterns.
First, consider the bounce off the 200-day simple moving average (SMA) on February 24. That could suggest the longer-term uptrend remains in effect.
Second, notice how prices have stayed in a tight channel since mid-March. Are they starting to resemble a bullish flag?
Third, CAR’s 8-day exponential moving average (EMA) has remained above the 21-day EMA. That suggests the shorter-term trend remains positive.
Fourth, stochastics are nearly oversold despite only a modest pullback in the shares.
Finally, the macro situation may favor CAR because it trades for less than 15 times earnings (placing it more in the “value” camp than “growth”). It could also benefit from the onset of summer vacations starting next month. Earnings are due May 2 in the post market.
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Travelstocks
Full Analysis (Price Action, ichimoku, & more!) on AC! BTFD!My friend is heavily invested in Air Canada and was looking for some potential break outs (or break downs!), so I ran through the whole analysis playbook of how I look at stocks.
In this video, I cover how to analyze price action, fibonacci, some pattern techniques, moving averages, and ichimoku.
Overall, I'm looking to buy the dips with optimal entry around $21.35. My stop would be around $19.11, with my first Price Target around $34, putting us at a R/R of 13/2.5 = 5:1! I'd be looking for a big move within 2 weeks (by April 25). I'd 100% play $26-27 July 2023 calls.
Good luck out there and let me know if you want me to take a look at any other tickers!
Cheers,
-TMoney
Buy The Travel Sector CUKThe Omnicron variant has provided an investment opportunity in the travel sector.
Prior to the emergence of Omnicron, Travel destinations were beginning to plan pathways for reopening.
This gave confidence to the market that the future values of travel related stocks would be higher and as a result travel stocks recovered from pandemic market shock lows.
Since the start of the Omnicron market scare travel stocks have decreased in value significantly.
Currently, countries such as Vietnam, the Philippines and Thailand are beginning the pathways back to pre covid travel levels by slowly easing entry restrictions.
Preliminary data shows Omnicron may be less severe and it will become the dominant variant. This gives us confidence that covid is mutating in a positive direction and the world will eventually open up as a result of the new variants low mortality rate.
We believe the travel sector will recover at some point leading us to conclude that current market valuations are selling at a discount.
Our plan is to front run the end of harsh pandemic travel restrictions and take a position in the travel sector.
The time horizon for this trade is between 8 weeks and 6 months.
We are expecting to close our position at a 10 to 30 percent gain.
Play Number One
Carnival Cruises, stock code CUK currently valued at 18 USD.
At the high of pandemic recovery Optimism, CUK was valued at 27 dollars. That is a 55 % increase in your investment back to the last recovery top.
Note: ignore carnival stock CCL because it is selling at a premium which could narrow if the U S economy weakens further.
Play Number Two
Flight Centre FLT. You can get exposure to this company on the Australian Stock Exchange. Flight Centre recovered to a price of 25 Australian Dollars and now sits at 16 dollars. When optimism returns and creates momentum, FLT may experience a 55% gain back to the highest pandemic recovery point.
We will post updates in the comment section as new information comes to light.
Buy The Travel Sector The Omnicron variant has provided an investment opportunity in the travel sector.
Prior to the emergence of Omnicron, Travel destinations were beginning to plan pathways for reopening.
This gave confidence to the market that the future values of travel related stocks would be higher and as a result travel stocks recovered from pandemic market shock lows.
Since the start of the Omnicron market scare travel stocks have decreased in value significantly.
Currently, countries such as Vietnam, the Philippines and Thailand are beginning the pathways back to pre covid travel levels by slowly easing entry restrictions.
Preliminary data shows Omnicron may be less severe and it will become the dominant variant. This gives us confidence that covid is mutating in a positive direction and the world will eventually open up as a result of the new variants low mortality rate.
We believe the travel sector will recover at some point leading us to conclude that current market valuations are selling at a discount.
Our plan is to front run the end of harsh pandemic travel restrictions and take a position in the travel sector.
The time horizon for this trade is between 8 weeks and 6 months.
We are expecting to close our position at a 10 to 30 percent gain.
Play Number One
Carnival Cruises, stock code CUK currently valued at 18 USD.
At the high of pandemic recovery Optimism, CUK was valued at 27 dollars. That is a 66 percent increase in your investment back to the last recovery top.
Note: ignore carnival stock CCL because it is selling at a premium which could narrow if the U S economy weakens further.
Play Number Two
Flight Centre FLT. You can get exposure to this company on the Australian Stock Exchange. Flight Centre recovered to a price of 25 Australian Dollars and now sits at 16 dollars. When optimism returns and creates momentum, FLT may experience a 66% gain back to the highest pandemic recovery point.
We will post updates in the comment section as new information comes to light.
BA Should Move Higher Here Boeing just reported its first profitable quarter in 6 quarters, we should continue to see Boeing report profitable quarters given the emergence of air travel that has taken place over the past couple months. Also, if your an investor that is worried about a slow bounce back in travel due to the delta variant, you should take comfort in the fact that 40% of boeing's revenue its defense business which has held strong during the entire pandemic.On Friday after the market was closed Boeing was awarded a $487m contract from the US Army for Apache AH-64 engineering services and technical support.
CCL Big Picture (BIG Picture) LevelsSo I did a bigger picture and yes normally our focus is on penny stocks. But that also involves looking at broader trends. So, travel and leisure penny stocks, for instance. Sub $5 stocks like TRVG LTRPA and AHT are all at "risk" of pressure from negative sentiment in larger market trends. CCL has been somewhat a bellwether for certain travel & leisure penny stocks and right now appears to have its trend echoed with stocks like the ones mentioned here.
I took the Fib retracement out to feb 2018 when CCL reached its 3-year high and used last year's low as the anchor. What was interesting was how CCL traded around the 786 level. Coincidentally, it has been an interesting area for the stock and wouldn't you know it, though it broke below its 200DMA, it's back to testing the 786 fib line. With Biden commenting on the state of the economy next week, all technical levels could be important to monitor. In this case, the 786 fib seems to be a good one to pay attention to right now.
ABNB ER run up $ABNB 2HR Chart...
FA & TA
After surging to all time highs after just 2 months from IPO, we have seen a 30%+ correction from February's Highs. Now... with vaccines and more people wanting to experience certain activities that once was restricted due to a pandemic, ABNB's road to recovery could be starting soon. With Summer approaching and leisure travel activities expecting to rebound from March 2020, this is stock worth keeping an eye on for the Long Term and with Earnings approaching it could give investors a clear direction for the company. Now for the short term, it is possible we see a technical breakout of the falling wedge to retest the overall downtrend resistance (white line). Falling Wedge Breakout target - $160-165 needs to reclaim over 157.10 first. Keep in mind overall market sentiment is choppy!
* Under 143 invalidates this idea *
ASX:FLT on the brink of a major break out🔥🔥ASX:FLT chart looks bullish at the moment with more inclination to the upside than the downside.
This is mainly due to the formation of a Cup and Handle chart type that played out when the stock broke above 18$. Also the stock weekly PSAR flipped to the bulls camp. To me it is not a bad idea to open a small position and keep your SL right below 18$.
I will keep you updated if any major change happens to this stock.
Have a nice weekend.
XTF
Will Reopening Trigger a final Break for AHT?I know the reopening trade idea is in play right now but how strong is the sentiment? We still need stimulus to come out, more vaccines, more everything. So where does AHT go from here? Fibs look interesting too. NYSE:AHT
Aside from the industry sentiment, Ashford has been fundamentally making strides in preparation for a hopefully bullish return to the market. This included exchanging some of its preferred shares for common stock. We’ve also seen analysts take a more bullish stance on AHT. Most recently, B. Riley adjusted its price target on the penny stock. In this case it bumped the previous $2.50 target to $3 and currently maintains a Neutral rating on the company.
Let's see if travel picks up this year. If that happens, I can't think hotel operators will stay suppressed.
Quote Source: 5 Penny Stocks For Your March 2021 Reopening Watch List
Expedia CEO: We’re seeing plenty of signs of demandWe’re seeing plenty of signs of demand:’ Expedia CEO on travel demand amid pandemic.
As we said yesterday on our earnings, we are seeing some signs of improvement in the first month of the year. It started around the holidays. And we've been slowly modestly improving from there. January was better than December.
It's kind of a story of waiting. And there are some countries like the US that are stronger, where people are moving around more. There are areas in Asia as well. And then there are places like Europe, where things are still fairly locked down.
So it's really where people are feeling more confident about travel, where people are allowed to travel. We're certainly seeing plenty of signs of demand. It's just a question of consumer confidence and risk tolerance and what governments are allowing people to do.
finance.yahoo.com
TRIP's a dip because of Covid19, $25 LongFirst off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis. That being said, I think the whole reason for TripAdvisor's recent bearish run is quite obvious, and the reason why it broke resistance recently is also quite obvious. This is why, I am saying the current price is likely low to mid risk at most, and probably a dip. I expect it to be at least around the $25 range going into 2021, and that the steep downward trend is due to lack of demand in the curve because of Covid19, not poor managerial or operational performance.