Perfectly clear head and shoulders on $TRIP 's daily chart. Along with that there's a bearish RSI divergence & the fact that its run up SO much during a freaking pandemic, what a joke.
Liberty TripAdvisor Holdings
Liberty TripAdvisor Holdings consists of its subsidiary Tripadvisor. Tripadvisor is the world's largest travel platform, aggregating reviews and opinions from its community of travelers about, accommodations, restaurants experiences, airlines and cruises throughout the world.
Why the current spread? Long LTRPA - Short TRIP?
Bullish Flag
Pros:
Descending volume during formation
Golden Cross in blue
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 6
250RSI above 50
200MA ascending
Target:
PT = 68.21$
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Not sure how much value in here? Also, if you pay attention this company was heavily affected during the Boom of Covid at the beginning of 2020 but share price did nothing but gain value. Operations side and result should revert the value to the correct valuation soon. Hope i am wrong in this one but i cannot see value here at all. :/
Potential gain:55%
Reward/Risk:6.5
Timeframe:9 months
I always try to present the charts in a simple comprehensive format to prevent any confusion.
This is just my technical view, neither a fundamental comment,nor a recommendation to trade..!
Please review my track record and calculate the odds for yourself..!
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I wrote a previous analysis stating that NASDAQ:TRIP would very likly to behave the way it has done the pass days so now I have a +30% profit on this one with no more risk. Now depending on what it does in this upcoming weeks I'll sell or just let it run. I was tought to let winners run if the stock is in an uptrend, and everithing I see in this stock is telling...
$TRIP Tripadvisor Inc - Rounding Bottom/Unusual Options Activity
18k February $28 calls traded today for $11.7M (101x open interest)
Monitor for a breakthrough $36.00 resistance.
Near term target: $40-$41 range (Nov'19 gap-fill)
NOTE: This is NOT investment advice.
Very strong breakout for NASDAQ:TRIP and now is testing resistance in $34. The RSI went to the overbought zone and now is back down. The price could go back a little more to test support on $31 and then continue the uptrend, depending on what happens I´ll buy more or sell, but the buying volume suggest that the trend will be respected. Right now I´m on breakeven...
TripAdvisor NASDAQ:TRIP is one of my favorite stocks to have on an open and normal economy again. Today is only $26 and its all time high is $110, is a leader in its industry and the technicals are looking pretty good right now.
Only in November went up +60% and rebounded from a strong resistance in $31.50, now after this recent correction is testing a...
$TRIP looks like a good breakout candidate, with the vaccine coming soon, people will start to travel again. The way I am playing this is buy a leap call. If you to follow my live trades for free check out our free facebook group.
Textbook Wedge pattern here on Trip. They ran up after reporting a bad earnings because screw sense right? Watch for a breakout to either side $35C to the upside and $20P to the downside. Good luck :) <3
