Notes on my chart but, it looks like there have been large sellers around the $185 area for some time. I took a 1/2 size trade on Dec 22nd and stopped out this morning for about $6 profit. I'll be looking to get back in around 185.50 - 186 area if I can clearly define my risk. That most likely will be a solid close below the resistance line once it goes over (to...
I have traded this name recently and got stopped out. I just got back in this morning on it's early pullback after breaking out yesterday. (you can see my entry on the chart) Pocket Pivot was yesterday with over 5.2 million shares traded. Now that COVID fears are calming a bit and there is talk of lifting some travel restrictions, this may have a chance to move a...
Expedia jumped on strong results two weeks ago. Now after a pullback, traders may take be taking a look.
The main pattern on the travel company’s chart is the bullish gap on November 5. Prices have retraced the move and are trying to bounce slightly above the low from that session. The current range is also near the September and October highs, so EXPE may be...
I've put relevant notations on the chart. I'm putting this on my action list for next week. Many ways to play this one. If it opens in the upper wick that's strong. If that's the case I may go long with a stop below the day low or open. I may wait for a pullback but look for the gap to hold. It could also flag here for a few days or weeks. Either way this should...
Testing out the alligator pattern and 2 pitchforks plus wave theory
price has held the broadening trend lines better than the pitchfork and EW counts. Expecting a top at the 1.618 + upper trendline convergence ($173) the morning after earnings.
$EXPE Expedia - Long term bull flag on the weekly chart, appears to be holding $160 support from Jul'17. Once we see a weekly close over $180, the move to $200 will likely be swift.
Unusual Bullish Options Activity Today:
$18.5M of November $165 calls traded (62X open interest)
$9.0M of October $160 calls traded (19X open interest)
Medium term target: $200-$215...
EXPE starting to get real tights on the daily and setting up to breakout. I think its worth a watch towards the upside as a re-opening trade.
If it breaks out towards the upside I don't see a reason why it won't test highs and possibly continue running.
IF it breaks lower I see it fall back down towards $153 level.
July 16th or later Call options is what I...
