TRIP trade ideas
$TRIP Surge in travel comingHello,
A number of reports have been released in recent weeks that hint at travel becoming red hot as the world pulls out of the covid crisis. With 50% of US adults now vaccinated expect people to use those stimulus checks to book trips and travel. We've all been pent up inside. This is one of the trades I am most excited about For June - August. My personal price target is between 46-52.
Beyond the reports we see the usual hallmarks of bulls attempting to regain control.
1) OBV has flipped the average and accumulation has started to occur
2) CMF has halted the downward decline as buying pressure from the accumulation is taking hold -- meaning that people now believe it may be worth more in the future where as two weeks ago they though it would be worth less.
3) the MACD short term has crossed over the MACD long term. Meaning that suddenly the average price is eating away at that 'negative average loss per day' and is pushing back towards a neutral 0 but with bullish momentum behind it.
This trade is still early on, but it's a good entry price if you're looking for a travel option. I looked at a large number of cruise lines, airlines, and other travel associated tickers. This one looks appealing because it's close to a recent low, has cheap options, and has a good chart--imo.
As always, control your risk, trade carefully. I am not responsible for your trades, gains, or losses. I just find ideas and present them.
Best of luck.
TRIP long from 9er week low, with Fib TargetsDemark 9er low from consolidation. Osc back to neutral.
TRIP 1D ChartTRIP has formed a descending triangle. You can see how it has quadruple bottomed on 1 Day Chart. If it can hold this level of support - be ready for a breakout. If it can not hold, expect to see $42.50 and the high $30s.
$TRIP Expected Big Move - before earning - +/- 20% of now 52.58TripAdvisor.. At perfect position! lower goal 41.4 higher goal 68
TRIP , LONGSo funny story ,a few days back I wanted to buy TCOM ( Trip.com) after it bounced off the horizontal support of its longer term channel recently... I entered on the second green day after its reversal , or I thought so lol .But, I was not paying close enough attention and instead I bought TRIP in error. I was correct about it being a good time to jump on TCOM but I bought TRIP lol , so funny . Realized this a today and luckily for me however , TRIP also looks good !
I like the past 30 days price contractions and subsequent selling volumes showing us a significant reduction and I also like the strength the TRIP has displayed today too .
With that being said I made the necessary changes to to this order and today actually looks like the proper day to enter TRIP imo , so I figured I'd share . Lastly , as good as TCOM still looks , I will not enter it as I am a little late now for that one .
Only thing I don't love about TRIP is that the RSI is flat on the longer term as you can see , but I am willing to overlook that as rsi will probably still move up in the near term.
Good luck ~
$TRIP LONG The postures of the RSI looks likes its in a neutral bull position on the daily, 4hr, and 1hr. The stochastics don't looking to bullish now, but what I like is that price action seems to have found support along the trend line with bullish like dojis. The volume has been increasing in the past 3 days, 2 out of 3 days the volumed bars closed in the green. the 9 and 21 ema are set to cross on the daily TF, if you look on the 4 hr TF you'd see that its squeezing on TTM which usually suggest a pop in either direction, in this case im bullish.
TRIP update. Find a nicer wedge, I dare you.TRIP is wedging very nicely.
When I'm in $ mode, I don't make mistakes, so I'm waiting for a breakout and retest.
TRIP advisor. I'm not at the point where I'll take the opposite of my ideas for profit, but I will bet you money this exact sequence won't happen.
How are these travel companies so profitable during a pandemic? A drug trip advisor I would understand, but traveling... you people frighten me.
I have also discovered the joy of the path tool. Can't argue with the path tool.
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My position is if we take the whole upper area and call it a value area, it looks like we have been living towards the bottom of it, and price is a little high right now.
Any suggestions put them in the box please.
$TRIP - Easy ShortPerfectly clear head and shoulders on $TRIP 's daily chart. Along with that there's a bearish RSI divergence & the fact that its run up SO much during a freaking pandemic, what a joke.
TRIP vs LTRPA
Liberty TripAdvisor Holdings
Liberty TripAdvisor Holdings consists of its subsidiary Tripadvisor. Tripadvisor is the world's largest travel platform, aggregating reviews and opinions from its community of travelers about, accommodations, restaurants experiences, airlines and cruises throughout the world.
Why the current spread? Long LTRPA - Short TRIP?
TRIP: Bullish FlagBullish Flag
Pros:
Descending volume during formation
Golden Cross in blue
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 6
250RSI above 50
200MA ascending
Target:
PT = 68.21$
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TripAdvisor - ShortNot sure how much value in here? Also, if you pay attention this company was heavily affected during the Boom of Covid at the beginning of 2020 but share price did nothing but gain value. Operations side and result should revert the value to the correct valuation soon. Hope i am wrong in this one but i cannot see value here at all. :/
#TRIP could do 1X in less than 1 year!I think #Trip might gain 100% in one year from now. it must close above that little box to proceed to our TGT.
Americans get ready to go on trips..!Potential gain:55%
Reward/Risk:6.5
Timeframe:9 months
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
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TripAdvisor going for another breakoutI wrote a previous analysis stating that NASDAQ:TRIP would very likly to behave the way it has done the pass days so now I have a +30% profit on this one with no more risk. Now depending on what it does in this upcoming weeks I'll sell or just let it run. I was tought to let winners run if the stock is in an uptrend, and everithing I see in this stock is telling me that it is in an uptrend. Hope it helped anybody who read that previous post. I don't know if I will buy more, but if I do, I'll post the analysis.
$TRIP Tripadvisor Inc - Rounding Bottom$TRIP Tripadvisor Inc - Rounding Bottom/Unusual Options Activity
18k February $28 calls traded today for $11.7M (101x open interest)
Monitor for a breakthrough $36.00 resistance.
Near term target: $40-$41 range (Nov'19 gap-fill)
NOTE: This is NOT investment advice.
