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Why A Second Covid19 Wave May Not Hit Travel Stocks So HardWhy a second Covid-19 wave may not hit travel stocks as hard as expected Travel’s troubles might slowly be waning. Even as U.S. coronavirus case counts spike at a record pace, the industry may have some newfound “leeway” in how it prepares for a possible second wave. Consumers are growing increasingly frustrated with staying home and many are opting for road trips over flying, which many still consider being of higher risk. Demand for big corporate travel isn’t back yet, but it’s going to keep these hotels continuing to grow back out of this hole, so, I don’t see them going away quite yet. Marriott and Booking Holdings reported earnings above analysts’ expectations last week, with both companies noting that travel trends were improving despite continued pressure on their businesses. Booking Holdings CEO Glenn Fogel told CNBC on Friday that October’s rise in Covid cases and restrictions dampened the online travel giant’s results for the month. Trend-based Fib extension shows that there is a strong support level around 1600. In general, a confident uptrend, aiming at levels. Best regards EXCAVO
NASDAQ:BKNGLong
by EXCAVO
4
BKNG Headed to retest 50DMA firstNice little chart on booking to watch. Got the gap up serving as support, showing so already, indicated by the dashed line. This is coming right into the 50DMA if we keep moving sideways. The 2 hourly chart showing three black crows coming down, looking like likely movement to the downside in the immediate future. Should be found by support at 50 DMA and will watch for reversal DOJIs and spinning tops to indicate reversal off this point. If it breaks through the 50 DMA support will be looking at the next gap support shown by lower dashed line and this coming into the 200 DMA to find sturdy support on the bottom channel. Previous recent highs as resistance and above that previous gap down indicated by solid white line as upper resistance. Looking for a 61% retracement off our newly forming lows to the previous recent high as a sturdy target, right now looking around 1865 to be determined in coming days when we find reversal. We’re also 5-6 days into a pull back cycle, typically these pull back cycles look to run 5-8 days before reversal. #NASDAQ35000hat
NASDAQ:BKNGLong
by TraderCaps
$TSLA Plays the "Split" Card to Draw in More from Mom and PopTSLA still laughs at us from above that $1300 level. But it's an itch that needs to be scratched -- now lined up with the 50-day and the primary trend line, to boot. But that relief will have to wait a little longer as Elon and the fellas became the second major megacap to hit the "split" button (after AAPL). Expect a lot more splits this fall now that we are in the first "retail driven" bull market since the 1990's. Who's next? AMZN, GOOG, MSFT, NFLX, BKNG, ISRG...
NASDAQ:TSLA
by GregFolin
2
$AMZN vs $BKNG (aka PCLN Priceline) Dead Even Race Amazon NASDAQ:AMZN is Blue Priceline (renamed NASDAQ:BKNG Booking Holdings recently (and oddly) is Orange. White vertical line indicates most recent percentage change flip flop since market bottom in early 2009. Priceline has been beating AMZN since July 2019, 5 months ago. Why? If trade war related, then Amazon is undervalued currently, since there’s apparently a trade deal that’s happened. If it’s not, then discount travel online brokers is ironically winning the race against online retailers. Or they’re neck and neck at a minimum... Hmmmm
NASDAQ:AMZN
by jgeno
1