Why is this setup good?
-Price continues moving in the direction of main trend since it bounced at longterm support EMA (200)
-Momentum building on MACD 12-26
-First reaction (contraction) since MACD crossover
-Trigger Candle testing EMA 3, 6, 18, 50
-Good Risk-Reward ratio ~ 5.15
-Buy Stop order or Manual Buy at 57.89 at ...
Trip Advisor has been doing great. One of the hot stocks this year with great returns. The earnings were good and speculation has caused this gap down to almost its 200 day ema. Strong support here at the 200 day EMA. RSI is oversold 25. Also, out of the Bollinger bands so this should hopefully have a bounce.
It is still considered a bullish candle, but the range of price movement could not compare to the previous two weeks. The price was approaching the blue long-term neck line from Dec 2011. The market was trying to tell me that be careful at this point.
Friday closed with a bearish candle. For me, it acted as a confirmation candle for ...
100% still bullish on $TRIP long term. Broadening top starting to form - potentially H&S if you see another pop above $57 but, would definitely wait to see how this consolidation reacts. Decreasing RSI + MFI, yada yada. $48 pullback A1 target price, but that gap fill would be intimidating if I was long & hadn't taken profit yet.
I really believe in tripadvisor. It is a company with high potential and buying shares of this company at current price can only lead to benefit.
I have personally bought around 34.
After the breakout we has a small correction for entries.
In case you are new to this, there is currently a flag. You can follow for entries or let it develop on hourly in case it is a ...
Here's a quick look at my long term TripAdvisor stock forecast. Based on the patter structure i believe this stock should triple in price in the next coming year. posted below is a lower timeframe look at when to get in specifically but any buy right now should be good.