Can Trivago give a good move in near future?

Trivago is making a falling wedge pattern on the daily timeframe chart. This pattern is considered a reversal pattern, as the contraction of the range indicates that sellers are losing steam. So, there is high probability of a breakout on the upside.

An important level to watch out for Trivago is the $2.85 Price point. Once it closes above $2.85, it looks like it could touch $4.3. Stop loss should be placed below $2.

Earnings release is due on 27th October. Expected EPS is $0.003

Thoughts?

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