TOURISM
Betting on open economy stocks, or, touristic stocks $TRIP 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 support in $26.80 just below its 20 day MA. The selling volume this week hasn't been that great so could be a good buying zone, but if it fails to rebound from here it could do it from the next support in $24.40. Either way, a good thing would be to buy today and wait, if it goes down and tests de next support buy again depending on the volume levels. This way you could have a good strategy against the high volatility of this stock. Remember to always use stop-loss, I personally use Average True Range (ATR) to calculate it.
$RLC can continue falling in the next daysContextual immersion trading strategy idea.
The demand for Royal Caribbean Cruises' shares looks lower than the supply.
The company operates as a cruise company.
Due to the spread of COVID-19, the demand for the company's services fell.
This and other conditions can continue to cause a fall in the share price in the next days.
So I opened a short position again from $26,24;
Information about stop-loss and take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$RLC can fall in the next daysContextual immersion trading strategy idea.
Royal Caribbean Cruises has a strong downside trend.
The company operates as a cruise company.
Due to the spread of COVID-19, the demand for the company's services fell.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short position from $33,73;
stop-loss — $37,53.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!
$NCLH can fall in the next daysContextual immersion trading strategy idea.
Norwegian Cruise Line Holdings has a strong downside trend.
The company operates as a cruise company.
Due to the spread of COVID-19, the demand for the company's services fell.
This and other conditions can cause a fall in the share price in the next days.
So I opened a short position from $12,28;
stop-loss — $13,13.
Information about take-profits will be later.
Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision.
Always do your own analysis before making deals. When you use any materials, do not rely on blind trust.
You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy.
If you like my content, you can subscribe to the news and receive my fresh ideas.
Thanks for being with me!