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.
Price has retraced from the all time highs in May. We are now at the .618 fib retracement. This coincides with previous resistance which should now turn to support.
Price may fill the gap, hence my buy zone ranges from $71 - $66.5. I will look to add a small long from 71 and scale into the position if prices falls lower.
We saw buyers step back in on Thursday...