TripAdviser (TRIP): Breakout!!
SUMMARY
Trip Adviser (TRIP) had climbed a five wave streak only to correct very deeply to about 88% retracement....ouch! However, when is the best time to buy? It's almost always at the terminal end of a major correction! The downward wedge (blue) was quite massive but check out the price breakout!!
I believe TRIP will start impulsing upwards as shown (white). The white wave 5 target is about $94.76 or so. The MACD is also moving within a parallel channel as shown in the below chart. This channel should continue supporting the coming impulse!
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For all of those who didn't bought the bottom, great timming to buy now after confirmation of the breakout with high volume!
Went long this on Apr 30th in anticipation to earnings with a tight stop if it went too south on me. Had great gains today and still long it until it starts to loose volume aiming to see how it reacts near the 52w highs ($50.65) but was a great pattern if you managed to get in at a good time. Great post and great info thanks!
oh god, what would we do without you?
informative post
You know this job @haejin
wwwoowww
thank you so much its a very helpful post to me ...
thankss good post.
thank you for the advice
I like your post You have posted a very nice post. For all of those who didn't bought the bottom, great timming to buy now after confirmation of the breakout with high volume!