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Reallifetrading
May 31, 2015 12:42 AM

TRIP Swing Trade (Brad Reed May29,2015) Short

TripAdvisor, Inc.NASDAQ

Description

Trip Advisor is forming a descending triangle using the 200sma as resistance. A bearish candle closing below 75.65 could be an entry with a target just above 68.
Comments
timwest
Can you show the descending triangle you are referring to? It looks like it is right back to key (key hidden level) support from the earnings report back in February. I agree on the bearish close below 75.65 could set up a move down. Any stop loss in mind? 3 points? 5 points?
Reallifetrading
Here's what I see kind sir.
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