CFD Trading – Sell Booking Holding Inc (BKNG.NAS) @ $1711. Stop at $1811 and Target at $1550

Booking Holding Inc. Stock Code BKNG.NAS

Price tried to move above the cloud but was capped by the upper edge of the rising cloud as well as the Base line. A previous price low turned into resistance is also capping price. Price also formed a Bearish Star candlestick price pattern, which is a warning of a price high and a likely reversal. Conversion and Base lines had a bearish crossover. Lagging Span is below price of 26 days ago but is above the cloud at the moment. MACD is bearish at the moment and the fast line could be turning down from the zero line, hinting of a bearish price trend ahead.  

$1711.00             Short Sell
$1550.00             Price Target
$1811.00             Risk Management Stop
3 weeks               Trade Duration

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