TRIP is doing very bad. With countless technical mistakes the stock is poised to drop towards 25 or lower, also confirmed on 'weekly' and 'monthly'. The stock was not able to remain above two major lows, and therefor is now required to retest the all-time low. Not much is needed to add to this as this chart speaks for itself.
RSI:
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NOTE: TRIP's future performance suggest upward rebound later this year, based on two successful b-band touches in 2018.
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DAILY: (for today's pre-earnings trading)
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UPDATE: Stock must reach 31.80 today (upper b-band) to turn bullish, or else fall tomorrow as expected.
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UPDATE: TRIP jumps to as high as 33+ AH, very unusual given all the negative indication, but they beat well above estimates, far above of what was generally expected. Depending on where the stock opens tomorrow you'll have a new short-term technical price target of 38+. The current weekly candle on Friday after close will tell us where to next.
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UPDATE: as long as the stock remains above the 50MA, it is likely to test 32+ within the next few days, and continue with the previous gap as its target. Apologies for the failed call on this one.
You weren't wrong, it seems. I think people expected a worse earnings, but the slightly positive news did not drop it like most earnings. The indicators still point towards a negative move, and I still think you are right. Don't apologize yet! Very sound TA.
UnknownUnicorn5323213
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That's indeed possible @Eurocrem, thank you. Indicators are mostly bearish, so I guess we'll know in a few days :)
Eurocrem
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@darksideofthemoon, Hoping for $28 by EOW next week. In a few contracts. It's truly teeter-tottering, as this it the last leg of support before a freefall-like move! I think it'll break.
UnknownUnicorn5323213
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You can aim even lower @Eurocrem, considering that the stock failed to reach the 'daily' upper b-band and the first upper SAR point, this is more likely to fail next week and dive past 27 towards 25.50 as shown here:
Eurocrem
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@darksideofthemoon, Excellent work on the TA. It's very clean, I will check out your other charts and see how you analyze them. I could learn a lot from you! I will hold through, then, as you helped confirm my expectations.