ABC bull pattern

ABC bull pattern

In this chart Expedia is showing 2 strong patterns.

First is ABC bullish pattern. BC =.76 AB

Second  is upward Angled Trendline , also known as Bullish support line. It is called a bullish support line because it defines the lowest price allowed in order to maintain the upwards trend. These are most reliable when used to identify major price price trends. In this case, it has been in place for almost 12 months.

If trend stays in place, EXPE could reach ~ 140-150.