Ctrip.com International has been in a retracement for over 2 weeks. It is now holding at a support level, and indicators are strengthening. This may result in another run. The retracement is due primarily to profit taking.
What did I tell you? Don't buy these shares. The price fell so much. Don't buy and sell if you didn't yet.
The price is going down (Far away from 30MM) and the RSI is low. Don't buy!
CTRP has recently seen a dip, despite their strong financials. I'm looking to swing from 47-57 (roughly). It's at a significant discount, and I expect it to rise. I'm going all in tomorrow most likely (depending on open). My portfolio is only worth $2850. I'm a 17 year old investor, who has about 6 months of experience actively trading. Despite blowing up my...
Today's pullback is a good opportunity to buy in. I believe over the next few months it'll swing back into the 50's. I also updated what my stop limit is at. With their financials looking so good, I expect long interest to rise leading into the coming earnings report, which will be around 2/28.
CTRP, the so-called Chinese PCLN, is setting up here. Let's see if it can clear its previous highs.
CTRP is breaking down from an upward channel. Moneyflow was diverging & now broken down to the negative side. We think it will decline to 41 area. Just to be cautious it has huge 41.2% short float, so if has good chance to be on short-cover rally. You can check our detailed analysis on CTRP in the trading room/ Executive summary link...
CTRP peaked at 87.62 (May 26, 2015). Since then it has been consolidating within a 3-month symmetrical triangle (as shown on the weekly chart). Given the weekly MACD sloping downwards, scope remains for further range-bound price action. Only an upside break above the 80.20 area (near the triangle upper bounds) would signal return of strength towards 87.62....
Entry over the 75.10 area with targets into 78 and 83