BKNG trade ideas
BKNG at Breakout $BKNG showing a bullish hammer today after consolidating for the past two weeks.
$BKNG showing bullish hammer right below resistance (2541.73)
$BKNG would hit a new ATH if breaking resistance
$BKNG reported good earnings on Tuesday
I would wait until $BKNG breaks through (2541.73) and then retests the resistance turning it to support
Target 1 @ 2600.00
Target 2 @ 2700.00
BKNG: booking.com sell at resistance (profit) Did not like how market is trading after opening.
Seems to be quite indecisive.
Maybe I should wait until close.
But recently, I do not want to drag my trades for too long.
I believe I can find a better point for re-entry if possible.
What to do better
I think all's ok.
Profit 3.5%
Sold 2494 (21-10-19)
Bought 2410 (21-10-21)
BKNG (booking.com)Really want to find something to short with market so high.
Almost every major stock is given a bullish rating.
Find that BKNG technically offers one of the best risk reward.
And I personally have some fundamental bias against it.
Maybe a quick short at 2500, and cover my positions if it goes to 2600.
Still thinking about it.
Trying to find weaker stocks.
Cup and HandleBKNG is not to Long entry level which would be a break of the left side of the cup's high. The left side is sometimes known as the sell side of the cup and the right side is the buy side.
Mid cup is 2284.75. The handle low and mid cup can be strong sources of support. In theory, mid cup should be below the handle low or the cup is corrupted.
No recommendation.
Rainy Monday for much of the market today, but the re-opening stocks seem to be doing well. Maybe time to let sickness go and realize no one is immortal and life is short in the scheme of things. I am a bit concerned about what the administration will instruct our media to throw our way when the midterm elections are closer, but for now things look o the positive side.
BookingSunday, 18 July 2021
21:21 PM (WIB)
Booking has very interesting Chart that lay down exactly at the lowest low of ascending channel.
Considering the chart fall from the highest resistance to the lowest low, there is possibility the price will start to move up again.
Other side, Covid19 New Delta Varian made some major countries to lock down again with 100% Work From Home.
So, I'm expecting the price still moving lower and breaks down the strong support blue lines in this week.
Booking sure has to be on the Watchlist.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"
$BKNG$BKNG has been bouncing off that rising channel trendline support areas as highlighted in the chart . We are doing it again. Expecting this to touch the top of the channel trendline around $2650-$2700 in coming trading session. IMo. Thanks. (Not Financial Advice)
A Quick Guide on How To Spot Head and Shoulders.
Head and Shoulders are reversal signs and have different types such as simple, complex, reversed and etc.
So there need to be a bull-run for 10-30% before the peak of left shoulder. (or a bearish drop before a reverse H&S)
The most important factor is seeing higher selling volume and smaller buying volumes specially on the top.
The head has to be taller than the shoulders and the distance between the neckline to top of the head would be equal to the distance the price would drop after forming H&S.
See the volume line. Left shoulder should have a higher volume compared to the right shoulder and also the head.
At the end, this pattern is not completed unless the neckline is broken down with huge volumes. We have not seen that yet, but it'd be interesting to watch.
BKNGBooking.com re-travelling play here looks good for a swing trade. Again, very important to keep good Reward to risk ratio (1.68) .
The best plays are like this one that have room to the upside although the candles aren't the best.
BKNG 🌦This is an example of a beautiful running flat. Normally I would buy calls on this stock; however, they're too pricey for my liking. This is an example of how the stars don't always align. Trading is a science, but not a perfect science.
$BKNG with a Neutral outlook following its earnings #Stocks The PEAD projected a neutral outlook for $BKNG after a positive over reaction following its earnings release placing the stock in drift B
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$BKNG wow...I almost bought a $2,300 put, at close, was too expensive so I grabbed a $2,200 lol. Not going to do much, but that was the move I thought could happen
Cup and HandleHas climbed a long way so far..Has reached long entry level and experienced a throwback..
And against the odds since I do not think many folks are traveling..I have the feeling we will live again though (o:
Long time high is 2290.04/Long impulse wave and pulled back, but formed a handle low.
Not a recommendation
If you do not reach for what you want, you will never have it.
Book it #stocksRange retest setup to the upside
Reward/Risk: 2/1
Entry: 2067.00 or at a lower price
Stop: 1800.00
Target: 2500
$BKNG #BKNG Too good to be true I like Booking.com
This is company is awesome.
Up gap need its pair: Down
Share us what do you think? Thanks in advanced.
How To Play Travel During COVIDOne of my favorite names in the entirety of the U.S. stock market is BKNG, a massive travel conglomerate that earns revenues from referral commissions on car rentals, restaurant reservations, accommodations, flights, and travel packages. It's an incredibly high margin business growing at a quick clip with few competitors, but often ignored due to its high absolute stock price, which prevents much retail interest. Obviously COVID has decimated it's business, but I still like the idea of being long the company. This is especially true now that PFE has presented highly positive vaccine data, which could mean that we are all much closer now to a world that is open to travel and thus surging revenues for the company. BKNG is such a good company that even in an apocalypse scenario for travel they are on track to make a positive net income for the year. How's that for operating efficiency?? I feel the same way about TCOM, a company similar to BKNG that has a high level of exposure to the Chinese consumer - a customer group that's going to be emerging from this lockdown likely more quickly than the rest of the world.
The problem is that these companies have already gapped up on this good news, so finding an acceptable entry point doesn't seem likely in the short run.
Here's the solution - short EXPE against going long in TCOM and BKNG to offset the 'beta' or 'valuation premium' exposure. EXPE is on much weaker financial footing, so the vaccine news was even 'relatively' better for them, but this gap may prove to be a buy point for this pair trade as it's likely that in the long term EXPE is likely to underperform its larger and more efficient competitors, TCOM and BKNG.
I'm looking for any signs of strength in this pair, and then I'm going to be buying with an initial target of 21 - a 25% return. Welcome back to the world of relative value trading!
$BKNG with a neutral projection following Earnings$BKNG posted earnings the market reacting in a negative over reaction placing the stock in Drift C with a Neutral outlook.
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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
RectangleA Rectangle is a continuation pattern that forms as a trading range during a pause in the trend. The pattern is easily identifiable by two comparable highs and two comparable lows. The highs and lows can be connected to form two parallel lines that make up the top and bottom of a rectangle. Rectangles are sometimes referred to as trading ranges, consolidation zones or congestion areas.
Mid Rectangle (MR) is often used as stop whether you go up or down
Just an observation
Do your research and good luck!
BKNG reversingNASDAQ:BKNG watch for a push to $1700. Looking for $1650+ by tomorrow.
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