$TCOM LT opportunity (5/5)Conviction: 5/5
May have some short-term fall to retest previous resistance. Better buy after a brief pullback / pause.
Recently bounced off LT (2003) channel support at year-end 2021.
Also, at the same time seemed to be forming a bullish divergence with RSI-D and RSI-W.
Main risk: chinese company de-listing
CRIP34 trade ideas
Bullish on Trip.com. TCOMBullish outlook for gains at 26.24, then 29.18 and 31.80. Invalidation at 18.58.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in green with invalidation in red. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe!
TCOM (trip.com)Have been experiencing a downtrend.
Recently, swinging back up.
Not sure if this swing back up is pullback of the big downtrend (as such will continue down after this)
Strong resistance on top at 33.00.
However, we do have some reasons to enter around 30.75 maybe.
TP will be 33.00 and CL can be 29.75.
However, don't think the setup is super strong TBH.
Maybe can try if already have long bias for this stock (for some fundamental reasons)
TCOM - Short - Top of a downtrending channelNew Trader here, so don't think I know anything. I use price, volume, moving averages, and longer term trends (weekly) to determine trade direction for daily swing trades.
TCOM has rallied back up to moving average resistance and is at the top of a downtrending channel on a daily chart. Weekly chart is "eh", not in a strong uptrend, but not downtrending either.
Seems like a good short opportunity if it shows weakness.
#HILTON HOTELS GROUP #HLT plus #TCOM ctrip.comA solid #company hmmm but doesn't pay you to hold
(not much in #dividends)
strong balance sheet as it has plenty of cash.
BUT
#TCOM could be a real money maker
please do your own research on the metrics of this company
in terms user growth
and market penetration.
Keep this stock in your watchlist !I am keen to acquire this stock as I expect the domestic tourism business in China to improve further and is a matter of time before the outbound travel commence. Nobody can travel without making a booking and you need a platform. Trip.com is well positioned in this business !
At the moment, chart is tough to analyse so I will wait a while more and yes, IPO stock is speculative but this is not a new listing per se as it is already listed in the Nasdaq market.
$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.
Reversal setup #stocksTcom has a great reversal setup unfolding. A buy here with a stop below 31.19 looking for a play back to the range (rectangle) high and then hopefully toward 37. Recent absolute rate of change has been choppy but there was strong momentum November into December so hopefully the speed to the upside will continue. There could be great breakout potential here if this initial reversal works out because the stock has done nothing for months
$TCOM with a bearish outlook following earning release$TCOM is projected to have a bearish outlook as per PEAD after a negative under reaction following its earning release with the stock being placed in Drift D
If you would like to see the Drift for another stock please message us. Also click on the Like Button if this was useful and follow us or join us.
We need to see the world out there !read this article here
If you read between the lines and have a longer term perspective, this testing is a piece of good news. It is a form of insurance for both sides, really. Once the vaccines are out, perhaps, lesser testings would be required and less stringent measures for outbound travel.
Singapore has been one of the popular country where the Mainland Chinese loves to come, many migrated here, bought properties for investments and or let their children study and eventually work here. As one of the safest country in the world to live in, it offers lots of stabilities to the ultra rich who are finding ways and means to move their assets out of China.
From chart, we can see the share price has rebounded more than 50% from the March low and I believe it will continue higher. For those who wants additional margin of safety, you can wait for the breakout of the bearish trend line first.
TCOM Analysis Ascending Triangle + Bullish Engulfing Outside Bar + Momentum
TCOM closed Friday with a strong bullish engulfing outside bar candle with a long wick rejection of the 14EMA and Trend Line. The Ascending Triangle breakout will give us a price target of 30.24 but to be safe with Options I would look for initial sell at 29.02 with a secondary target at 30.92. (30 call strike will work best)
Wait for a breakout over resistance before entering Long trade.
BEGIN NEXT WEEK DOWN - TRIP.COM GROUP LTD - 30MNWe observed a strong selling signal just before the exit of the trade.
The suppor t is still very strong but we noticed a second possible support if the market decides to break the first black line.
Possibility of formation or larger candlesticks with huge volumes indicating a significant change. Possibility , therefore, of generating profits in the short direction.
Next:
Be ready from Monday opening session ... if you miss it try to not miss out on the last third of the day in which investors are very dynamic in this market.
Have a good weekend and enjoy!
Hard habits to break Read this articles here , here and here
You see, habits once formed is hard to break. There were write up that says the consumer buying behaviour will not be the same post Covid-19. I tend to digress from personal experience and observation. When I was working in China a decade ago, I had to give up the Singapore flavour coffee as there were none there. Starbucks and Coffeebean were popular but they were expensive and they are not really for coffee drinkers (you may argue on that point, its ok)
I was not too surprised when I returned years later, I could pick up the habit of drinking local coffee like a fish to its water, naturally without much hesitation .The years of suppression did not change my habits at all, they were merely tuck away somewhere till the right time comes along.
So, you can see from above articles, travelling brings about a lot of benefits to people. Some find it a great way to distress, to know new friends, to get more business, to tick off the bucket list and so on..........
Those airlines and cruise ships that can survive post Covid-19 will continue to see their business coming in, maybe not in big waves like before but the attraction will still be there.
This period of staying at home, probably doing repetitive tasks over and over again have make many going bonkers and yearn to get out as soon as possible. Thus, they decide to take a risks and get out during the Easter holidays. Were they doing the society a favour by not keeping the social distance ? I leave that to your judgement.
One particular counter that I have been watching for a while is TRIP.COM. The local chinese are starting to go out again within China . Read latest article here
From the chart, we can see the price action has break out from the bearish trend line and is now consolidating. Once the price breaks out from the rectangle pattern, it should goes higher. There lies a possibility for another leg down which is good because I can grab it at cheaper price.