We traded EXPE a couple of weeks ago , and we made a decent 4% return.
Ascending Triangle broken out after a 3-month correction following a great bull run. Multiple support confirmation on the 5-min chart. Support manage to hold up quite well even during the recent meltdown. Indicators are obviously not on our side, since we are playing the bounce.
- 6-month...
Ascending Triangle formed into an Uptrend Corridor and new support confirmed multiple times on the 5-min chart on 25th Aug.
About the entry, you have two options. Chasing the price entering with a Buy Stop order or waiting for a better entry with a Buy Limit. It comes down to your appetite for risk and current trade situation - I will most likely go ahead with a...
EXPE is approaching our first resistance at 138.15 (horizontal overlap resistance, 61.8% fibonacci extension, 61.8% fibonacci retracement) where a strong drop might occur pushing price down to our first support at 120.25 (horizontal pullback support, 61.8% fibonacci extension).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding...
