TRIPD trade ideas
TRIP - +40% upside with 1:3.5 RRNEW idea...
Breakout play.
Not yet showing momentum but could breakout soon for nice 1:3 or 1:4 RR play.
TRIP Tripadvisor Buy TF H1 TP = 16.83On the hour chart the trend started on August 28 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 16.83
But we should not forget about SL = 15.18
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelieveInTrading
Stock to buy. Trip Advisor Could Make Your Portfolio ExplodeIf you're looking for a growth stock to add to your portfolio, you may want to consider TripAdvisor (NASDAQ: TRIP). The online travel company has seen its stock price nearly lose 50% of its value in the past year and is currently trading at all-time lows with a strong weekly demand level in control. The imbalance is trading at HKEX:18 per share. This demand imbalance has a lot of potentials to help TripAdvisor stock rally in the following weeks.
TRIP - Buy the Trend Trend is evidently down as shown by the large channel drawn
Buying the trend is my best advice as this chart is definitely quite bearish
Arrows illuminate the downward moves
TRIP Bullish inclined naked puts 24 Feb expiryWhats The Plan/Trade/Thought
It looks like in the short term traders will be more concerned about interest rates and the impact it will have. The sentiment now seems to be that recession will be a soft landing. I think we need to trade on this optimism at least for the next month.
Lets look at categories with strong fundamentals where money might flow into given it’s stability
Travel Services (Exclude Airlines) - As international tourism increases we can expect this category to start playing catchup
- Growing annual revenue since 2021
- Quarterly revenue is estimate to drop Q4 2022 and Q1 2023
- 7.56% Short interest
- D1 - Above 100EMA
- H1 - Above 100EMA
Risk Mitigation
21.61 This is the Trade Risk Point. If it breaks this, it means I was wrong on the direction
Can You Trade The Opposite Side (Y/N)
No
Trade Specs
Sold 510 Puts @ 0.21
Strike 20
17% to Strike
BP Used: 110k
Max Gain: 10.7k
$TRIP - OverboughtTripadvisor is extremely overbought along with the whole market. A healthy pullback should happen regardless of the status of flights in the future. Earnings should also bring this stock back to reality.
Long TRIPBUY : 28-29$
SELL : 32$ (LOCK IN SOME PROFITS AND KEEP IT RUNNING)
SL : 27,5$
PROS : Major demand-support, omicron manageable, moving into spring-->more travelling.
RISKS : New variant, oil price increasing a lot.
Long | TRIPTRIP
STRONG BUY opportunity.
Possible Scenario: LONG
Evidence: Price Action, Options flow, Break out possibility
Call options strike 31$, 03/18/22
*This is my idea and could be wrong 100%
TRIP LONGI am bullish on TRIP fggbkjlstnbvseolvnzsLRnfrlvnbornflKWNrknfglrnSERLKnrvrnvrklnvrlknvwerlknLfgbnrfo'rZSNgkrZSJfbvSRKJFbr
buying opportunity tripadvisor-good company (revenue)
-undervalued in my opninion
-good risk reward to buy this stock
-nice demand zone (weekly/daily)
TRIPLONG-TERM: Scuffed Bullish bat, inverse head and shoulders, MACD cross to green on daily, classic bullish divergence on weekly. (not financial advice)
TRIP ShortTrendline Break
At Resistance Zone
Short Entry 35
Stop 39.6
Target 25
Risk management is much more important than a good entry point.
The max Risk of each plan should be less than 1% of an account.
I am not a PRO trader. I trade option to test my trading plan with small cost.
It's time for a TRIP- BUY TripAdvisorShe's coming down now but this looks like a re-test of the accumulation zone. Over-sold now since breaking down from $39.00. I think this one is ripe for the picking. I'll put my head on the block here and say, anything between between $32.50 and $33.20 is a buy. You heard it here first. Have a nice trip.
TRIPLONG-TERM: Double bottomed at the PCZ of an informal bullish bat (shallow D point), broke over a supply line and historical resistance, with triple classic bullish divergence on the daily. (not financial advice)
Buy Setup with Good Risk/Reward #TRIPDue to pandemic travel industry has been severely hit but now with opening of economy and lesser travel restrictions, #TRIP is gaining some interest from smart money and it seems smart money has been taking positions slowly. Buy #TRIP at current prices with SL 28 for targets much higher 100+ with in next 1-2 years.
Disclaimer :
Trading is never ever recommended as it is injurious to mankind. This is purely my study based on technical charts and for educational purpose only. Please do your analysis before taking any trades given by me. I MUST not be held responsible for any profit or loss out of any trades you take on our advice. All Disclaimers Apply.
Update: Not All Ideas Have Been Winners (NKLA, TRIP, NNDM)We've had some nice cash flow plays in recent days however not all ideas have panned out as expected (see related). Some are close to/above their stop-losses but I would rather exit if I see it's starting to lose steam (cut losses).
NKLA - Spec Idea - Initially surged but has since retreated.
NNDM - Initially surged but has since retreated.
TRIP - failure to follow through.
Let' see what's next. Remember, stick to a process but be flexible to adjust in real-time.
Also, sell into strength to book profits and generate cash flow.
TripAdvisor There appears to be a number of shares that are emerging from tight consolidation zones. TRIP is one of them.
Back above the 8 and 21 EMA, but just below the pivot.
7-day RSI also in a bullish regime.
Now trading $42.02 (buy here or better)
Place your stop at $40.30
Target Range: $46.60/48.00
