$TRVG IT will take very little for TRIVAGO to pop on earningsOnly 2 years ago Trivago was $24 per share and is now trading in the $5 range which i'm sure was unthinkable for investors back then. It is practically a certainty that revenue will take a major drop but solace may be taken from the fact earnings may not be as poor as analysts estimate. Given the fact sentiment is so negative, any good news could pop the stock much higher, with the security of a strong double bottom below.
Company Description
trivago NV is a holding company, which engages in the provision of a global hotel and accommodation search platform. It also offers marketing tools and services for advertisers. It operates through the following segments: Americas, Developed Europe, and Rest of the World.
TRVG trade ideas
John Malone is Nobody's FoolThis looks lie a "Rounding Bottom" but my Edwards & Magee says these typically are a much longer-term formation.
However, if you believe that the market and charts are fractal in nature, you can create a "longer-term" pattern by reducing the time interval on the chart.
I'm long this name since the ends of November at just this side of $7 and think if the upcoming earnings report has decent revenue growth and modestly positive commentary/guidance (unlike last quarter), that this name can retrace a chunk of the swing down from all-time highs to the more recent all-time lows (it hasn't been public all that long).
As for the title reference to John Malone, TRVG is majority-owned by Expedia, a John Malone company.
TRVG - Don't Wait - TRIVAGO LongNot a lot of history, so we have to look at the 1h. ON daily screen Connors 2 Period registered an extremely low 8, indicating oversold. ( yellow rectangle)There has been nice volume. On the hourly chart we have a bullish sash pattern that complete earlier today. TSI has moved up and crossed signal line.
Elliot wave count could be either starting new wave 1 as we have just completed A-B-C correction, or a larger view would have it as completing wave 2 of the next higher degree. Stop for short terms can be just below the completed candle. For a longer view, stop at 10.85 , as Elliot says wave 2 cannot retrace 100% of wave 1.
Short term target 12.24 for a quick in and out of about 4%. Long term can be much higher point B minimum.