Trip.com (TCOM US, 9961 HK): Revenue 30% Above Pre-COVID Level

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Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

Technical Analysis

<a href="https://www.smartkarma.com/entities/trip-com-group-ltd" target="_blank" data-smartkarma-citation="entities:180:1" rel="noopener">Trip.com (TCOM US)</a> is coming under pressure and expected to see near term selling exhaustion near the 33/31 area to stage a reaction bounce but then shows risk of digging a bit deeper toward better base support at 30.RSI bear divergence will weigh on a bounce sequence. Trendline support is a sensitive pivot point. Hard down day on volume spike is tactically bearish.Regional cycle weakness will also play a role in weakness for TCOM in May/June.

Trip.com (TCOM US) is coming under pressure and expected to see near term selling exhaustion near the 33/31 area to stage a reaction bounce but then shows risk of digging a bit deeper toward better base support at 30.RSI bear divergence will weigh on a bounce sequence. Trendline support is a sensitive pivot point. Hard down day on volume spike is tactically bearish.Regional cycle weakness will also play a role in weakness for TCOM in May/June.

Trip.com Bounce Support Then a Deeper Dig