Booking Holding Inc Stock code BKNG.NAS
Outlook
Price broke the cloud two days ago and yesterday, price was able to move higher above the cloud and closed above the cloud, confirming the bullish trend. Both Conversion and Base lines had a bullish crossover earlier, confirming the change in trend. Price is also above the Conversion line, which is a sign of a strong bullish trend. MACD is rising but the slower signal line is still bearish. Stochastic after declining inside the overbought zone, had a bullish crossover, hinting of another price push higher. If price can stay above the cloud, it should test the high of $1960 again.
Strategy
$1840 Buy
$1960 Price Target
$1780 Risk Management Stop
2 weeks Trade Duration
Adobe Inc Stock Code ADBE.NAS
Outlook
Price broke above the resistance point of $292.20 with a strong and large green candle yesterday. The trend is bullish as price is above the Base line as well as the cloud. While price is at a historical high, MACD is indicating that there is more upside potential. MACD is rising but it has not reached its previous high and there is also lots of room for MACD to move higher. Using the Fibonacci projection tool, the next target could be the Fibonacci 150% at $335
Strategy
$300 Buy
$335 Price Target
$284 Risk Management Stop
2 weeks Trade Duration
