Travelservices
TRIPADVISOR $TRIP "swinging up"After break $21.24 out it fell below it but made "lower high" which is a good sign for an uptrend.
12 months Consensus Price Target: $27.05
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$TRIP can rise in the next daysContextual immersion trading strategy idea.
TripAdvisor, Inc. operates as an online travel company. It operates in two segments, Hotels, Media & Platform; and Experiences & Dining.
The demand for shares of the company looks higher than the supply.
These and other conditions can cause a rise in the share price in the next days.
So I opened a long position from $21,82;
stop-loss — $19,97.
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.
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Norwegian Cruise Line $NCLHTravel services one the most affected sector from Covid-19 and due to indoor travel of thousand it might have long time to recover.
Falling wedge is showing bearish pattern and there was a resistance at 20SMA yesterday. Needs to break upward, get over 50SMA and start to make higher highs. Holding above would be a good signal for recovery.