scalp reversalLooks to be bouncing out of a bullish gartley/shark PRZ. Good accumulation. Target 56.50.
TRIP trade ideas
Low risk setup for TRIPWhy is this setup good?
-Contextual uptrend
-Price continues moving in the direction of main trend since it bounced at longterm support EMA (200)
-Momentum building on MACD 12-26
-First reaction (contraction) since MACD crossover
-Trigger Candle testing EMA 3, 6, 18, 50
-Good Risk-Reward ratio ~ 5.15
Entry rules:
-Buy Stop order or Manual Buy at 57.89 at the next interval(candle) open
-Cancel the order at the end of the day if 57.89 does not get triggered
-Stop Loss (S/L) level at 55.78 (adjust position size accordingly, don't risk more than 3% for your current account balance)
Trade management
-Move S/L to break-even when price CLOSES above 58.11
Exit rules:
-Target Profit LVL 1 or LVL 2
Nice looking longer term chart $TRIP - earnings tomorrowretested the channel breakout and held - ER tomorrow
TRIP ADVISOR TREND CONTINUATIONHey guys,
Posted this a while ago still looking at the long and this is a 4 hour trend continuation signal that im currently looking at worth the risk IMO if the entry meets my rules
regards,
Z.B
$TRIP setting up for recovery - potentially back to 60+I would probably wait for 55 to clear but looking like it's getting ready
$TRIP - What's the opposite of a short squeeze?100% still bullish on $TRIP long term. Broadening top starting to form - potentially H&S if you see another pop above $57 but, would definitely wait to see how this consolidation reacts. Decreasing RSI + MFI, yada yada. $48 pullback A1 target price, but that gap fill would be intimidating if I was long & hadn't taken profit yet.
LongTrip Advisor has been doing great. One of the hot stocks this year with great returns. The earnings were good and speculation has caused this gap down to almost its 200 day ema. Strong support here at the 200 day EMA. RSI is oversold 25. Also, out of the Bollinger bands so this should hopefully have a bounce.
Power of doing nothingWeekly Chart:
It is still considered a bullish candle, but the range of price movement could not compare to the previous two weeks. The price was approaching the blue long-term neck line from Dec 2011. The market was trying to tell me that be careful at this point.
Daily Chart:
Friday closed with a bearish candle. For me, it acted as a confirmation candle for reversal patter.
Watch out:
1. The blue long-term neck line from Dec 2011 act as a strong resistance.
2. Strong resistance around @ 60
3. Broken the down-trend channel since June 2014 without retesting it.
Action:
Be patient!
Stand aside this week to find the good opportunity in the next few weeks. I am doing nothing this week. Just wait and see the reaction from the market.
Expectation:
1. Strong demand zone waiting around @ 48-50.7
2. Really strong support around @ 47
$TRIP - Long term A+ SetupSolid downtrend since 2015 or so. Everything is resistance @ this point, but depending on how price action holds up above $48 range - we could see a runner
TRIPADVISOR long term buy, double sharesI really believe in tripadvisor. It is a company with high potential and buying shares of this company at current price can only lead to benefit.
I have personally bought around 34.
After the breakout we has a small correction for entries.
In case you are new to this, there is currently a flag. You can follow for entries or let it develop on hourly in case it is a structure instead.
In both cases try to get in for long term.
Trip Advisor TRIP long bias at new demand levelHigher timeframes demand zones in control. Longs at new weekly demand zone around 39. Previous weekly demand level at 35.85 playing out nicely
LONG TERM TripAdvisor STOCK!Hey guys,
Here's a quick look at my long term TripAdvisor stock forecast. Based on the patter structure i believe this stock should triple in price in the next coming year. posted below is a lower timeframe look at when to get in specifically but any buy right now should be good.
Regards,
