LONG IDEA $TRIPThe price had been stopped by the MA200, in a 0.68 fibo level, with a doji canddle, and near to a significance historical price level, $40
TRIP trade ideas
TripAdvisor Buy IdeaW1 - Bearish cycle is near its end. We have bullish divergence and false break.
D1 - Special cycle is near its end, bearish divergence has formed. Currently we have double waves to follow.
H4 - False break of trendline. No breakout of last high yet.
Measuring the first wave we could see a possibility of a push down also bullish divergence is forming. So we may expect the price to go deeper and then to push up.
This setup is valid until the last low at 35.46 holds, false breaks can be neglected.
Potential Earnings Plays 2017/05/09NVDA (Reports 5/9/2017 AC) IVR = 69.2, Expected move = 7.13%
EA (Reports 5/9/2017 AC) IVR = 55.1, Expected move = 3.87%
YELP (Reports 5/9/2017 AC) IVR = 84.9, Expected move = 11.28%
TRIP (Reports 5/9/2017 AC) IVR = 82, Expected move = 7.28%
Bonus: DIS (Reports 5/9/2017 AC) IVR = 54.5, Expected move = 2.40%
Insane LONG opportunity. Entry on possible Bearish Cypher targetIt appears, in my opinion, that we have an Insane (great) trading opportunity where we may be right at the bottom of a Wave 1 Impulse move on the Daily Period/chart. The count is based on a previous Impulse wave which finished around July 2014 and has been in a significant corrective pattern until March 2017. Based on pattern and elliott wave structure, the next move should be an Impulse move in Bullish trend (upwards). Due to all EMAs pointing to a complete reversal as too the TDI suggesting we are coming out of an Oversold market status, the only way is Up !
Once price action crosses the Mayo and the Blueberry EMAs, which will simultaneously be confirmed after a breakout of corrective structure, we can expect the continuation of a Wave 1.
There is yet another confirmation on this chart, where I can see a FLAG has been formed, thus the probability of a LONG on this particular daily chart is extremely high. As long as fundamentals of Trip Advisor Inc, continue their current form, this stock is set to reach well past the moon which means it will be a terrific investment for long-term traders and investors.
Entry can be taken in 2 positions. First position and most safest is the breakout of the corrective structure but beware of the pullback Fibonacci. The second position would be in the Hourly chart where the Bearish Cypher pattern should be validated within the next month, and an entry could be either at Position#1 or Position#2 to then going LONG (Buy) for the entire Impulse wave.
----------------------------------------------------------------------------------------------------------------------------------------------------------
DISCLAIMER: This chart is for sharing and educational purposes only and is not intended to be a signal service or similar.
This chart analysis is only provided as my own opinion, based on my own analysis and comes with absolutely no warranty that this analysis is correct, whatsoever. Do not trade this chart if you do not have your own strategy. Trade only with your own strategy at your own risk.
Plan your trade and trade your plan... and IF in doubt, stay out.
.....::::: If you like this chart, please click on the THUMBS UP ! :::::.....
----------------------------------------------------------------------------------------------------------------------------------------------------------
$TRIP has a seasonality of 90% bearish probabatility$TRIP has a seasonality of 90% bearish probability, Entered a day trade with options. Goal is to get the preserve mode i.e. pivot low. Once at preserve mode, take 50% positions off and then move it to higher time frame to ride it to earnings (if possible with stop)
