$TCOM is projected to have a bearish outlook as per PEAD after a negative under reaction following its earning release with the stock being placed in Drift D If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
Trip.com is in a long term decline. Short term, who knows. Long term, it is going down.
Cup and handle , follow the chart NOT YOUR EMOTIONS !!
read this article here If you read between the lines and have a longer term perspective, this testing is a piece of good news. It is a form of insurance for both sides, really. Once the vaccines are out, perhaps, lesser testings would be required and less stringent measures for outbound travel. Singapore has been one of the popular country where the Mainland...
Lets see if it can break the down trend.
Buy around 28.00 to T 34.00 SL closing under 26.80
Ascending Triangle + Bullish Engulfing Outside Bar + Momentum TCOM closed Friday with a strong bullish engulfing outside bar candle with a long wick rejection of the 14EMA and Trend Line. The Ascending Triangle breakout will give us a price target of 30.24 but to be safe with Options I would look for initial sell at 29.02 with a secondary target at 30.92. (30...
We observed a strong selling signal just before the exit of the trade. The suppor t is still very strong but we noticed a second possible support if the market decides to break the first black line. Possibility of formation or larger candlesticks with huge volumes indicating a significant change. Possibility , therefore, of generating profits in...
Read this articles here , here and here You see, habits once formed is hard to break. There were write up that says the consumer buying behaviour will not be the same post Covid-19. I tend to digress from personal experience and observation. When I was working in China a decade ago, I had to give up the Singapore flavour coffee as there were none there....
TCOM high momentum move. Risking 0.75 capital on a bullish move with TCOM. Target is $38.63, $36.40 entry was at $37.15 Hold time will be 2 weeks.
Entry level on break above resistance @ $36.00 = Target price $40.00 = Stop loss $35.00 Major break from downtrend and possible triangle Indicators are bullish but volume remains to low for a significant move. Well below some highly unusual price targets and 24 buy ratings Trip.com Group Ltd. engages in the provision of travel-related services. It provides hotel...
Pros: - MACD, FI. EMA all sloping up - Bullish hammer follow by a big green kicker candle - Both MACD and FI trace higher lows in sycn with the higher lows candle - Weekly candles loooking decent. Each lower lows traces a higher macd low Neutral: - Volume is quite average on the reversal candles - Potential realistics profit target is pretty average at around...