SYMMETRICAL TRIANGLE | April 24, 2019
TripAdvisor, Inc. (TRIP) is the world's largest travel website. For the quarter ended September 30, 2017, TripAdvisor's branded websites had 455 million average monthly unique visitors, or "about one in every 16 people on earth". These visitors posted reviews and opinions on 7.5 million places to stay, places to eat and things to do around the world. It will not be an exaggeration to say that TRIP "is to travel as Google is to search, as Amazon is to books, as Uber is to rides - so dominant in the travel industry, that it is almost a monopoly." TRIP has been trading on the Nasdaq since December 2011 which is enough time to to give us a reasonable amount of data to study the technicals of this internet juggernaut.
by Stella Osoba, CMT
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