EXPE approaching resistance, potential drop! EXPE is approaching our first resistance where we might see a corresponding drop in price.
Stochastic is also approaching resistance where we might see a corresponding drop in price.
EXPE trade ideas
EXPE approaching resistance, potential drop! EXPE is approaching our first resistance at 138.15 (horizontal overlap resistance, 61.8% fibonacci extension, 61.8% fibonacci retracement) where a strong drop might occur pushing price down to our first support at 120.25 (horizontal pullback support, 61.8% fibonacci extension).
Stochastic (89,5,3) is also approaching resistance where we might see a corresponding drop below this level.
EXPE Reversed From Resistance, Potential Drop!EXPE reversed from resistance 138.15 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap resistance) where it could potentially revese down to its support.
Stochastic reversed from its resistance where a corresponding drop could occur.
That' why Expedia Inc. is going to loose 70 percent of its valueHello Guys,
Let's short Expedia, an overpriced stock which I see hitting 45 dollars in 1 up to 3 years.
Detected spikes in volumes associated with long black candles and the long term oblique support has been broken.
Final target for strategy at Us 45 Dollars.
See you soon with new trading ideas,
Simone
EXPEDIA shortPotential nice short set-up in EXPEDIA.
From an Elliott Wave perspective it looks to have formed a nice 5 wave decline from the TOP in wave 1 (or A) followed by an a-b-c in wave 2 (or B) to a Fib 50% retracement level.
Would watch now for a potentail sharp decline in wave 3 below s/term uptrend.
EXPE - day trade setupok here is my Fav gap so far today.. If it gaps above my enter line I'm jumping in head first (Not in the shallow end) and taking this to my first target, if it breaks that it's going to exit 2 which is the 100MA on the weekly or going Kray Kray to the 200MA on the daily! Enjoy..
