By Geoffrey Smith Investing.com -- ADP updates on private-sector hiring in the U.S. in August, the warm-up act for Friday's labor market report. OPEC and its allies meet to decide...
By Peter Nurse Investing.com -- Stocks in focus in premarket trade on Monday, May 17th. Please refresh for updates. Discovery (NASDAQ:DISCA) stock soared 13% after telecoms...
By Jamie Freed SYDNEY (Reuters) - The opening of Asia's first "travel bubble" allowing tourism without quarantines since the pandemic hit has sparked a surge in searches and...
By Sophie Yu and Brenda Goh BEIJING/SHANGHAI (Reuters) - China expects a significant rebound in domestic travel over the upcoming Golden Week holiday after the sector was...
By Christiana Sciaudone Investing.com -- China appears to be shrugging off the coronavirus, as Trip.com Group Ltd ADR (NASDAQ:TCOM) reports strong recovery momentum in the domestic...
By Jamie Freed SYDNEY (Reuters) - The air travel market has shifted toward last-minute bookings, one-way flights and more domestic trips as consumers grapple with fast-moving...
By Yingzhi Yang and Julie Zhu BEIJING/HONG KONG (Reuters) - Chinese tech giant ByteDance is considering listing its domestic business in Hong Kong or Shanghai, people familiar...
Nomura analyst Jialong Shi maintained a Buy rating on Tripcom (NASDAQ:TCOM) on Monday, setting a price target of $32, which is approximately 18.08% above the present share price of...
By Julie Zhu and Kane Wu HONG KONG (Reuters) - Chinese online travel giant Ctrip is in talks with potential investors about funding its delisting from Nasdaq because of rising...
SHANGHAI (Reuters) - China's tourism sector showed encouraging signs of recovery over the May Day holiday with 115 million trips made, many by car and by younger people emerging...
China has officially started loosening covid restrictions. Time to get in!
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ohhhh, what a volume...:)
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BEIJING (Reuters) - The number of passenger trips during China's Lunar New Year holiday this year is expected to have grown 31.7% from last year, China's state television CCTV said on Sunday, citing the transportation ministry.
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Market Mìracle advisor has on the site a BUY signal with target 27.20
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Good Play long term here!
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has trouble pickup significantly on the new wave Corona different ways reading again travel from several countries are still blocked sugar e Haider 222 223
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Price is testing the $35 support. This support is strong and can be identified from 2014. Also it is aligned with the 200MA. It was tested for the first time in '21 back in APR, when price took off to 41 after touching $35.
Price has been in range ~35-41 since FEB. In JUN the downtrend started, crossing without any serious resistance the mid support of 39. On the 1D TF price made two attempts on JUN 28 & 30 to reverse.
It seems that with current conditions price can’t reverse, although the Stochastics show a prolonged period of price staying at the oversold area (this happened again in MAY '19 and MAR '20). What puzzles me is the fact that NASDAQ is in record levels and TCOM cannot capitalize on that. So I wonder what will happen when (not if) NASDAQ reverses. This phase we are in, might be a consolidation phase and the optimistic scenario is that we will surprised in the next 2-3 sessions positively. If we break current levels to go lower then the next serious support is at ~30.
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Needless to say that I regret opening those longs!