The Hourly View for TCOM
Currently, TCOM (Get Ratings)’s price is up $0.03 (0.08%) from the hour prior. This is the 2nd hour in a row TCOM has seen its price head up. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
TCOM’s Technical Outlook on the Daily Chart
At the moment, TCOM’s price is up $0.14 (0.41%) from the day prior. TCOM has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Tripcom Group Ltd’s price action over the past 90 days can be seen via the chart below.
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The post Tripcom Group Ltd (TCOM): Price Now Near $35.35; Daily Chart Shows Downtrend on 20 Day Basis appeared first on ETF Daily News.
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