To The Moon

$Trip.com Group Limited(TCOM)$

$72.45 Strong Surge: Q3 Earnings Beat Drives 194% Profit Explosion, Testing $75-78 Resistance Zone》

• Latest Close (EST): TCOM closed at $72.45 (+2.20%), surging from $70.89. The stock is now approximately 7.9% below its 52-week high of $78.65, showing strong momentum toward previous resistance levels.

• Core Market Drivers: Q3 earnings significantly exceeded expectations with net revenue of ¥18.3 billion (+16% YoY) and net profit soaring 194% to ¥19.89 billion; International business recovery momentum accelerated with inbound tourism growing over 100%; AI travel assistant boosting user decision efficiency by 50%.

Technical Analysis:

• Volume at 2.79M shares with 1.57x volume ratio indicates healthy institutional accumulation;

• Current P/E TTM at 20.04x reflects reasonable valuation despite recent gains;

• Forward P/E at 19.16x suggests continued earnings growth trajectory supports current price levels.

Key Price Levels:

• Primary Support: $61.90 - Previous technical support level, critical floor for any pullback

• Secondary Support: $70.00 - Round number psychological support near recent breakout

• Immediate Resistance: $72.80-$75.00 - Testing zone with 52-week high nearby

• Major Resistance: $78.65 - 52-week high, breakout target for continued uptrend

Valuation Perspective:

Current P/E of 20.04x remains reasonable compared to S&P 500's ~21x multiple, while significantly below historical peaks above 200x during 2022-2023 period, indicating sustainable valuation levels.

Analyst Targets:

30 institutions maintain average target of $84.18, ranging from $71-$97;

Recent upgrades include Citigroup raising target to $86 and CICC to $92.5, suggesting 15-28% upside potential from current levels.

Next Week Outlook:

Expect continued momentum testing $75-78 resistance zone; Successful break above $75 could target $80+ levels;

Any pullback likely finds support around $70, maintaining bullish structure for medium-term uptrend.

Risk Disclaimer:

This analysis is for informational purposes only and does not constitute investment advice. Stock performance remains subject to market volatility, macroeconomic factors, and company-specific developments. Please invest cautiously.

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