EXPE reversed from resistance 138.15 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially revese down to its support.
Stochastic reversed from its resistance where a corresponding drop could occur.
NASDAQ:EXPE Sell short below yesterday's low. See the chart for more details.
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Please note that this information is not a recommendation to buy or sell. It is to be used for educational purposes only.
Let's short Expedia, an overpriced stock which I see hitting 45 dollars in 1 up to 3 years.
Detected spikes in volumes associated with long black candles and the long term oblique support has been broken.
Final target for strategy at Us 45 Dollars.
See you soon with new trading ideas,
Potential nice short set-up in EXPEDIA.
From an Elliott Wave perspective it looks to have formed a nice 5 wave decline from the TOP in wave 1 (or A) followed by an a-b-c in wave 2 (or B) to a Fib 50% retracement level.
Would watch now for a potentail sharp decline in wave 3 below s/term uptrend.
ok here is my Fav gap so far today.. If it gaps above my enter line I'm jumping in head first (Not in the shallow end) and taking this to my first target, if it breaks that it's going to exit 2 which is the 100MA on the weekly or going Kray Kray to the 200MA on the daily! Enjoy..
Hello Guys. US stock market is tumbling down as expected. You Know, I have been the first one to predict it on the 2th of Feb. You might want to check out my post about Dow Jones Index.
Targets for Expedia are the following ones: 90-70 and final one at 45$, base on Fibonacci levels and supports
Huge volumes detected. No doubts about this short. Go ahead with...