Booking Holdings Inc. Stock Code BKNG.NAS
Outlook
Price broke above the cloud a few days ago, changing the trend outlook for this stock. Yesterday, we had a strong price candle that gapped above the previous day. Could this be the confirmation of the uptrend? Conversion and Base lines had a bullish crossover and Lagging Span also confirms the bullish trend. Lagging Span is above price of 26 days ago as well as above the cloud. MACD has also turned bullish. MACD is rising as well, hinting of further price upsides ahead. We think price is likely to test the gap area from $1837.58 to $1916.20 as long as price stays above the gap support at $1627.
Strategy
$1720 Buy
$1880 Price Target
$1620 Risk Management Stop
3 weeks Trade Duration
Nasdaq Inc Stock Code NDAQ.NAS
Outlook
Price recently broke above a recent high at $114 and has moved up to near its high at $119.77. Yesterday price gapped above but was unable to sustain and closed near to its low. However, price managed to hold above the gap zone. If price can hold above this gap, we think price is likely to break above the 52 weeks high of $119.77. Going by the Ichimoku V price forecasting technique, we think price can go higher to $125. Both Conversion and Base lines had a bullish crossover, confirming the bullish trend. Lagging Span is above price of 26 days ago and is also above the cloud, confirming the bullish trend. MACD is bullish with both its lines above the zero line.
Strategy
$116.40 Buy
$124.40 Price Target
$112.40 Risk Management Stop
3 weeks Trade Duration
