Expedia: third consecutive positive trading session, bulls are in control

New bullish technical picture on Expedia daily chart. Volume is higher than the previous day, the bulls are in control.

Expedia Inc. Thursday trading session close was at 118.4 (+2.08%). Marked a series of 3 consecutive higher highs. New bullish technical picture drawn on Expedia daily chart (high2 < high1, high1 < high, low2 < low1, low1 < low, close > close1, close1 > close2), we suggest to watch today closing. The main trend is up on the daily chart, the bulls are in control. The positive value of many leading oscillators indicates infact an upward trend. Marked a third consecutive positive trading session. We suggest to monitore today closing.
expedia

View the interactive chart on ProRealTime.com

Simple Moving Average (SMA)
Quotes are above the 14 days moving average (SMA value is 110.95). The short term view is therefore bullish, however for today trading session we can’t exclude retracements towards the most significant support levels.
Volumes
Daily chart shows volume is higher than the previous day. This could be a sign of a significant move to come.


Support and Resistance levels
7, 15 and 30 trading days Performance. Support, Resistance and Pivot Point levels. Last updated closing price: 29/09/2016.

Performance: 7 trading days= +9.61% – 15 trading days= +6.57% – 30 trading days= +2.80%

Resistance levels: R1= 119.85 – R2= 121.29 – R3= 124.88
Pivot Point: 117.70
Support levels: S1= 116.26 – S2= 114.11 – S3= 110.52


Buying opportunity above 118.66, targets minor resistance at 120.13 and perhaps as far as strong resistance at 121.16, where sellers could regain control. Above that level it could trigger an acceleration to the upside with the next target at 123.78.

Selling opportunity below 117.71, targets minor support at 116.26 and perhaps as far as strong support at 115.25, where buyers could get back into the market. Below that level we could expect a bearish downward movement with the next target at 112.69.