Ascending Triangle + Bullish Engulfing Outside Bar + Momentum
TCOM closed Friday with a strong bullish engulfing outside bar candle with a long wick rejection of the 14EMA and Trend Line. The Ascending Triangle breakout will give us a price target of 30.24 but to be safe with Options I would look for initial sell at 29.02 with a secondary target at 30.92. (30...
We observed a strong selling signal just before the exit of the trade.
The suppor t is still very strong but we noticed a second possible support if the market decides to break the first black line.
Possibility of formation or larger candlesticks with huge volumes indicating a significant change. Possibility , therefore, of generating profits in...
Read this articles here , here and here
You see, habits once formed is hard to break. There were write up that says the consumer buying behaviour will not be the same post Covid-19. I tend to digress from personal experience and observation. When I was working in China a decade ago, I had to give up the Singapore flavour coffee as there were none there....
Entry level on break above resistance @ $36.00 = Target price $40.00 = Stop loss $35.00
Major break from downtrend and possible triangle
Indicators are bullish but volume remains to low for a significant move.
Well below some highly unusual price targets and 24 buy ratings
Trip.com Group Ltd. engages in the provision of travel-related services. It provides hotel...
Pros:
- MACD, FI. EMA all sloping up
- Bullish hammer follow by a big green kicker candle
- Both MACD and FI trace higher lows in sycn with the higher lows candle
- Weekly candles loooking decent. Each lower lows traces a higher macd low
Neutral:
- Volume is quite average on the reversal candles
- Potential realistics profit target is pretty average at around...
