PCE1 trade ideas
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
Book me more shorts!!!The entire travel indrustry is firing people.. so how do you expect global tourism would look like in 2021? you might say well they will travel domestically... sure but the available income for the majority of people using booking platform is gonna be less + the fear that older people have... Do you think the vaccine will be ready this year? i dont'... Also someone who invests in this industry will have to buy onto airbnb's IPO
BKNG: Ascending TriangleAscending Triangle, confirmed
Pros:
Descending Volume
PPS above 50MA and 200MA
R/R ratio above 15
250RSI above 50
RS ascending and above 50
Cons:
200MA descending
ATR descending, less volatile
Price targets:
PT1=2079,65
PT2=2192,29
PT3=2615,95
No resistance above this price target
📖 BKNG 9/3-9-/4 Trade Plan📚 BKNG looks good here for some movevment, definitely worth putting on your watchlist if you can afford the expensive contracts.
LONG
-Bullish Above 1940
-PT @1969-1976, @2000-2010, @2024-2033, @1982-1986 (Resistances)
SHORT
-Bearish Below 1935
-PT @1920-1925, 1900-1905, @1883-1886 (Supports)
Booking: Forming a very bullish long-term pattern.BKNG has just rebounded off its recent 1D pull-back on the 1D MA50. As in 2016, the recent top was made on the 0.786 Fibonacci retracement level. We expect a slow rise towards the Lower High of the Bearish Megaphone and if crossed aggressive rise to new ATH.
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Short for 2 wave coronavirus Booking Holdings Inc. (BANG) ()
Status: open 10/06/20
Idea: selling company shares through the purchase of Put options
Expiration Date: 10/16/20
Strike: $1500
Target price: $1100
Max open option price: $6500
Option target price: $42000
Profit factor : 7
Position volume: no more than 5% of the Deposit
Reference to the value of the option (www.marketwatch.com)
According to the financial report for the first quarter, the company's sales decreased by 20%. The company's revenue is expected to decline further, as the risk of repeated restrictions on movement remains against the background of a possible continuation of the pandemic. Also, the share price has reached the upper limit of the trading corridor, which increases the probability of price consolidation in THE bkng share market.
BKNG - 5/6/2020BKNG - Daily ichimoku chart shows it touched edge of the cloud. The price range is $1,352 - $1,570 as the volatility increases when it's inside this thick cloud. Considering that earning release is 5/7 after-market, optimism may lead bring the price to upside rather than downside in short term.