Comprehensive non-correlated Tripadvisor $TRIP Trading Report
Review the TRIP Trading Plans:
Long Term Trading Plans for TRIP
October 17, 2020, 7:00 pm ET
The Technical Summary and Trading Plans for TRIP help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this TRIP Report.
TRIP - (Long) Support Plan
The technical summary data tells us to buy TRIP near 16.31 with an upside target of 21.27. This data also tells us to set a stop loss @ 16.26 to protect against excessive loss in case the stock begins to move against the trade. 16.31 is the first level of support below 19.51 , and by rule, any test of support is a buy signal. In this case, support 16.31 is being tested, a buy signal would exist.
TRIP - (Short) Resistance Plan
The technical summary data is suggesting a short of TRIP as it gets near 21.27 with a downside target of 16.31. We should have a stop loss in place at 21.33 though. 21.27 is the first level of resistance above 19.51, and by rule, any test of resistance is a short signal. In this case, if resistance 21.27 is being tested, a short signal would exist.