Bullish Outlook on TripsThere’s not much historical data on TradingView so I drew a rough line to show the price from when it bottomed out around the end of January this year. Overall, there’s not a lot of data to go on, but I’ve tried to make as many clear observations as possible.
From the bottom, a supply trend line has formed with four major bounces from it. Currently, it seems like a period off consolidation from mid-April and getting closer to the supply line. Given the news that Simon Lehmann bought Trips recently, with anticipation that others will follow (and of course being in a period of bullish trends across the entire Crypto field), I’d expect the price to be maintained above the supply line with a strong bounce off it in the coming days/weeks.
A dotted orange line shows the previous Dec .20 ATH that could act as resistance, but if the price breaks above this, we could see prices going very bullish. So keep an eye on this line and the supply line as critical points of price action.
A recent high end of March acted as support as illustrated by the dashed yellow line. If you were to enter now with this as your stop-loss position and Dec ’20 ATH as your take-profit, the risk to reward ratio would be 3:1 - not a bad trade at all.
As this is my first ever idea post, please remember to give a like so I can increase my reputation points. Thanks!
Travel
Crypto.com (CRO) Symmetrical TriangleBeautiful symmetrical triangle formation on Crypto.com (CRO). I'm loving how this is looking with these kinds of bullish market conditions. I believe if we break out of this formation we will have a run up and re-test of the current all time high of $0.27 cents. If we re-test and break past $0.27 cents we'll be going back into a new price discovery phase. Just my opinion.
When it comes to cryptocurrency adoption Crypto.com (CRO) is definitely at the forefront of integrating cryptocurrency with the retail, travel, and entertainment sectors of our lives. From just holding and staking I recently re-furnished me and my wife's apartment with those e-gift cards. I'm also ruby card holder myself. We're both lovers of Crypto.com.
But there's certainly much more that Crypto.com has to offer, what I mentioned we're just examples of what's in the ecosystem. This is is an awesome project that's in a lane of its own and at one point it was a top 10 cryptocurrency.
Much peace, love, health, and wealth as always.
AAL gap fill DT AAL 2HR CHART...
Bull Flag breakout
AAL DT/ Swing Idea
Entry: 24
Target: 24.85+ (gap fill)
Next few days are crucial for AIRBNB!We are going to be testing the upper resistance line of the falling wedge soon.
If we break the upper resistance line and stay above the 50d MA then it's bullish.
If we get rejected at the upper resistance line, and cross below the 50d MA, then we are probably going to stay within the falling wedge for a bit longer
RCL BreakoutRCL is looking strong as travel and reopening trades are back in play here. We're looking for a break out of this resistance, which we already saw last week. A green candle close above this level would indicate a move back up to the highs - PT 95.5, resistance at 92 a d gap fill from 93-94, ultimately targetting low 100s before May. SL set below 87.8, a key support level. 3.5:1 Reward to Risk Ratio play on a 1-2 month swing! If you're signed up for premium, we called this one out Friday!
$TCOM Bull flag Looks to be holding the bull flag indicator. Stop loss is at the volume support node, but since this is a reopening play I doubt that is too much of a concern. Targeting 45 before April Op-ex but could extend higher. June 18th 45calls have significant flow, so that may be the option play.
EXPE on pent up demandSimilar to our play on WYNN this EXPE long is on the notion that people are chomping at the bit to get out and travel.
It's better a better play than that airlines as these booking systems use technology and cover more than just air travel.
MACD looks splendid!
R isn't the best on this initial set-up but we will set an alert and move it higher if it starts going our way.
Definitely a long term weekly chart play here.
ACIC Archer Merge?Atlas Crest Investment Corp. (NYSE: ACIC) is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with one or more businesses. We are sponsored by an affiliate of Moelis & Company, a leading global financial advisor to corporate executives, boards, entrepreneurs, financial sponsors and governments. Our management team is led by Ken Moelis, our Chairman, and Michael Spellacy, our Chief Executive Officer, both of whom have had careers centered around identifying, evaluating and implementing organic and inorganic transformational growth and value creation initiatives across a broad range of industries.
Atlas Crest priced its $500 million initial public offering on October 27, 2020.
Merger: Archer
Archer’s mission is to advance the benefits of sustainable air mobility. With headquarters in Palo Alto, California, Archer is creating the world’s first electric airline that moves people throughout cities in a quick, safe, sustainable, and cost-effective manner. As the world’s only vertically integrated airline company, Archer is designing, manufacturing, and operating a fully electric vertical takeoff and landing aircraft that can carry four passengers for 60 miles at speeds of up to 150 mph while producing minimal noise.
Archer's world-class team is focused on vertically integrating key enabling technologies including aircraft design, electric powertrain, and flight control software to revolutionize air travel.
What more can I say?
Like, Follow, Agree, Disagree!
What do you think?
CCL Broke Key ResistanceWith JNJ news, vaccine giving hope to investors, and another round of stimulus on the way, cyclical travel stocks like CCL should regain strength and continue forward. With good news, and the recent market sell-off due to bond yields, CCL and other value stocks saw a push. We're expecting this to continue, especially with the arise of a new cruise line from the company. The stock also broke a key resistance level from the June run up, at 25. This level held and the stock topped at 28s before falling back to 25 and bouncing - proving that the resistance level has now become a support level. This trend should continue, as there is nothing stopping the stock from moving back up to it's previous highs since this strong supply level was cleared.
Entry at 25-26, PT1 33, PT2 43-45, PT3 (EOY) ATH, SL Below 25
WINNEBAGO INDUSTRIES INC - get in after Monday correction Winnebago Industries, Inc. is a leading North American manufacturer of outdoor lifestyle products under the Winnebago, Grand Design, Chris-Craft and Newmar brands. The Company builds quality motorhomes, travel trailers, fifth wheel products and boats with multiple facilities in Iowa, Indiana, Minnesota and Florida.
#winnebago #rvlife #camping #rv #winnebagolife #motorhome #travel #homeiswhereyouparkit #vanlife #adventure #rvlifestyle #x #rvliving #homeonwheels #roadtrip #trailer #camper #rvtravel #travato #gorving #lifeontheroad #campervan #rvrenovation #optoutside #fulltimerv #glamping #kasoa #camperlife #van #bhfyp
Airlines seem to be very strong. Keep an eye out$BA has a nice macro level setup today at $230. If you see price confirmation here you can see a great move upward. Airlines have been very strong so keep your eye on them $AAL, $JBLU, $DAL, $UAL, $SAVE, etc... Have a great day everyone.
Stocks to watch for March (Buy) Webjet WEBThe chart pattern is showing a "cup n handle", go long if we can breakout of this resistance $5.86
More on cup n handle pattern.
www.investopedia.com
$AAL braking out Long-term base breakout. Top of channel. Fundamentals behind it because of the vaccine.
Expedia CEO: We’re seeing plenty of signs of demandWe’re seeing plenty of signs of demand:’ Expedia CEO on travel demand amid pandemic.
As we said yesterday on our earnings, we are seeing some signs of improvement in the first month of the year. It started around the holidays. And we've been slowly modestly improving from there. January was better than December.
It's kind of a story of waiting. And there are some countries like the US that are stronger, where people are moving around more. There are areas in Asia as well. And then there are places like Europe, where things are still fairly locked down.
So it's really where people are feeling more confident about travel, where people are allowed to travel. We're certainly seeing plenty of signs of demand. It's just a question of consumer confidence and risk tolerance and what governments are allowing people to do.
finance.yahoo.com
ABNB over 196.56Price has mostly been respecting this ascending channel. Building off today's momentum it looks ready to test the top of the channel at least.
Last Boarding CallAs the vaccines roll out and the world over comes the pandemic, travel will be popular among many that have been unable to for the past year.
While still heavily oversold (75% below the all time high in 2018) flight centre remains in a good position to bounce back.
Currently in a rising wedge, price is situated on support and is likely to take off.
AWA's Travel Survey (2020)
69% of Australians hope to travel within the first six months of restrictions being lifted
50% are keen to travel for two weeks or more on their next holiday
74% said they would be comfortable spending just as much on their next holiday as they did pre COVID-19
Book it #stocksRange retest setup to the upside
Reward/Risk: 2/1
Entry: 2067.00 or at a lower price
Stop: 1800.00
Target: 2500
AIRBNB (ABNB) - The Future of Travel AccomodationsThis is the future of the travel accommodation industry with very little competition, I am very Bullish on this stock.
Its a company I have used many times and also have been a host. I believe this stock can deliver very fruitfully once the pandemic really starts to fade away
Also remember that Airbnb now offers tourism experiences, when travel kicks off again this will be a massive space for tourism.
I however expect some volatility over the first few months of trading from this stock, it could go as low as half the current price, however if you wait until clearer signs of the world recovering from the coronavirus to add this to your portfolio then you just might be too late.
Boeing's woes are not over. Sell on the daily chart. Short it.We can see Boeing stock slipping on the daily time frame. Great time to short Boeing or at least dump it until we see proof of recovery.
LYFT over 50.79Consolidation box here looks ready for a move higher. Can benefit from economy reopening news.
ABNB over 149.00Some nice confluence here, 149.00 resistance set by price action slightly above the VPOC and .5 fib. Look for continuation over 150.00 psych level and daily close within the emerging channel.
Airline Companies Preparing For "Takeoff"The aviation industry supports more than 65 million jobs around the world and $2.7 trillion in world economic activity (3.6% of global gross domestic product). By 2036, it is expected that aviation will generate $5.7 trillion in GDP and the number of air travelers is expected to grow to 8.2 billion from 4.4 billion air travelers in 2018. It is clear the importance of aviation in the tourism industry, which is one of the world’s largest industries, but it also provides an immeasurable contribution to global trade, business, and economic development.
Between 2009 and 2017, revenue in the global aviation industry grew at a CAGR (compound annual growth rate) of around 5.9%, reaching $754 billion in 2017. Pre COVID-19, Commercial airlines were expected to generate a combined revenue of $872 billion for 2020.
In early April, worldwide flights were down almost 80%, making the COVID-19 the worst impact in the airline industry. Approximately $50 billion of international passenger revenue was lost from Jan to Apr 2020. According to ICAO, airlines may be faced with 1.5 billion fewer international air travelers this year.
