Expedia Group stock. Does strong travel demand keep it bullish? Probably that’s one of the reasons why Expedia group stock is rallying. A similar scenario is happening on Booking.com travel companies in the same industry.
The Expedia Group (NASDAQ: EXPE) marketplace offers travellers the widest choice, including flights, rooms, cars, cruises, activities and much more. The stock did not experience a deep bearish correction during the COVID-19 pandemic, and it’s now trying to move to higher prices with the help of long-term solid demand imbalances, as explained in Set and Forget’s online trading academy a few weeks ago. The company benefits from strong travel demand that has remained resilient despite macro headwinds.
The Expedia Group is one of the world’s largest online travel companies, together with Booking.com. The Expedia Group stock price has reached a strong and aggressive demand imbalance on the daily timeframe, trading at around $90 per share. See below the daily timeframe shared for Expedia last Tuesday 6th of December 2022.
Expedia reported Q2 and Q3 earnings which have beaten expectations. Remember that supply and demand traders need not use fundamental analysis and earnings reports. However, these reports can help the stock rally by adding volatility and liquidity.
Expedia’s stock price has reached the imbalance mentioned last week, and it’s trying to play out as expected. The stock has rallied more than 6% since the imbalance took control last week. It’s time to manage the position and wait for new imbalances before buying more shares of Expedia stock. Set and Forget is bullish on the stock and expects it to rally.
This is a quick update on Expedia Group stock. The position should have been closed at breakeven, as explained in Set and Forget’s online trading academy. These blog posts are not updated as it happens in the trading academy. Waiting for new imbalances.
As supply and demand traders, we do not need to pay attention to fundamental analysis. Unless you are doing very short-term trading and scalping, you should not worry about fundamentals for stocks and ETFs.
Trading is just waiting for the right trigger points and scenarios to present themselves, this game has a name, and it’s called the waiting game. We must patiently wait for the correct scenarios and setups to happen and for the price to pull back or dip into the price levels we want to trade. These price levels are made of supply and demand imbalances in our case. You can use these imbalances to plan your trades in lower timeframes.
Join our supply and demand online trading academy If you want to learn how to trade stocks using our supply and demand trading strategy.
© 2013 – 2022
Set and Forget S.L
All Rights Reserved.
Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Set and Forget, its employees, or fellow members. Futures, options, and spot currency and stocks trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the Forex and futures markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell spot Forex, cfd's, stocks or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.
High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in Forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.