Conviction: 5/5 May have some short-term fall to retest previous resistance. Better buy after a brief pullback / pause. Recently bounced off LT (2003) channel support at year-end 2021. Also, at the same time seemed to be forming a bullish divergence with RSI-D and RSI-W. Main risk: chinese company de-listing
Bullish outlook for gains at 26.24, then 29.18 and 31.80. Invalidation at 18.58. We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and...
Have been experiencing a downtrend. Recently, swinging back up. Not sure if this swing back up is pullback of the big downtrend (as such will continue down after this) Strong resistance on top at 33.00. However, we do have some reasons to enter around 30.75 maybe. TP will be 33.00 and CL can be 29.75. However, don't think the setup is super strong TBH. Maybe can...
New Trader here, so don't think I know anything. I use price, volume, moving averages, and longer term trends (weekly) to determine trade direction for daily swing trades. TCOM has rallied back up to moving average resistance and is at the top of a downtrending channel on a daily chart. Weekly chart is "eh", not in a strong uptrend, but not downtrending either....
Inverted Cup and Handle observed for TCOM!!! Prices can also be seen dropping on the cup and handle line! Is this a clear signal for an upcoming long term downtrend? Or there's some bigger picture to be seen? Please let me know your thoughts!
A solid #company hmmm but doesn't pay you to hold (not much in #dividends) strong balance sheet as it has plenty of cash. BUT #TCOM could be a real money maker please do your own research on the metrics of this company in terms user growth and market penetration.
I am keen to acquire this stock as I expect the domestic tourism business in China to improve further and is a matter of time before the outbound travel commence. Nobody can travel without making a booking and you need a platform. Trip.com is well positioned in this business ! At the moment, chart is tough to analyse so I will wait a while more and yes, IPO...
- Up trend and pullback into support - Risk against 38.40. RR ~ 1.8
Looks to be holding the bull flag indicator. Stop loss is at the volume support node, but since this is a reopening play I doubt that is too much of a concern. Targeting 45 before April Op-ex but could extend higher. June 18th 45calls have significant flow, so that may be the option play.
Tcom has a great reversal setup unfolding. A buy here with a stop below 31.19 looking for a play back to the range (rectangle) high and then hopefully toward 37. Recent absolute rate of change has been choppy but there was strong momentum November into December so hopefully the speed to the upside will continue. There could be great breakout potential here if this...
Loaded up on 350 shares of this company. Will aim to take profit at $45 to $50 region. Thanks for viewing! This is not financial advice, please consider your own Due Diligence and Risk Management. If you have any questions, please ask! SL AT $27.50 Region.
$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