Tricky - next support is the $38 region. Did look as though it was going on a run but couldn't get through the resistance at around $46.
Chart is getting crunched up - there will be a breakout on the upside or the downside. My guess is the upside but time will tell
Broke on the downside - the chart is suggesting things are not going too well. The shares have tried and failed to break upside resistance on a number of occasions. Cant see much upside in the short term - I would even suggest more downside.
Every time the stock has a rally it attracts more and more sellers - is there some bad news brewing behind the scenes? Personally I always thought Tripadvisor would be taken over at some stage but the share price is not suggesting this will happen any day soon.
I think this company will be taken out at some stage but there is a major downside - there are no real barriers to entry when it comes to Tripadvisor's market.
Always fancied Trip Advisor as a good long-term bet but in the short term it looks as if the shares are stuck in a relatively tight trading range. I will probably wait until we see the next good news.
It looks as though the share price is ready to break through resistance levels. I have always thought that Trip Advisor would make a tasty morsel for a larger company – let us not forget the group has some amazing content and customer feedback.