Tag: Booking Holding

CFD Trading – Sell Booking Holding Inc (BKNG.NAS) @ $1686. Stop at $1796 and Target at $1547

Nicholas

Booking Holding Inc. Stock Code BKNG.NAS

Outlook
Price had moved below the cloud on 21 September and a correction brought price up to the upper edge the cloud but price was capped by the upper edge of the rising cloud. With price unable to penetrate above the cloud, price resumes it downtrend and has moved below the cloud again. A gap created 2 days ago also reinforced the bearish trend. Conversion and Base lines had a bearish crossover, hinting of a bearish trend ahead. Lagging Span is below price of 26 days ago and below the cloud, confirming the bearish trend. MACD has turned bearish. We think price is likely to move lower to $1501, which is the N price projection target of this down move.

Strategy                  
$1686                 Short Sell
$1547                 Price Target
$1796                 Risk Management Stop
3 weeks              Trade Duration

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

Nicholas

Booking Holding Inc. Stock Code BKNG.NAS

Outlook
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.  

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

CFD Trading 21 June 2019

Nicholas

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

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CFD Trading 22 May 2019

Nicholas

Booking Holding Inc. Stock Code BKNG.NAS

Outlook

Price dropped below the cloud 2 days ago and had stayed and closed below the cloud yesterday. Base line is providing resistance at $1788 and the edge of the cloud is another resistance point. There was a Spinning Top candlestick pattern just before price entered into the cloud. This could have signaled the start of a price decline. Another layer of price resistance lies at $1821; where the edge of the cloud and previous price highs provide a cap. MACD is moving lower and is bearish. If price is capped below $1821, it is likely to test the previous low of $1692.

Strategy

$1789.00 Sell
$1692.00 Price Target
$1822.00 Risk Management Stop
4 weeks Trade Duration

Garmin LTD Stock Code GRMN.NAS

Outlook

Price broke below the cloud 3 days ago but the trend may be a corrective decline as MACD could be making a recovery after hitting a bottom. Price is likely to move lower to test the 50% Fibonacci point at $74.69. There is also another gap support coming in at $75.56. If MACD turns up, this price support zone of $74.69 to $75.56 can support price for another rally back to a previous price resistance of $82.58. Stop should be place below at last gap support of $71.97.

Strategy

$74.70 Buy
$82.50 Price Target
$71.95 Risk Management Stop
4 weeks Trade Duration

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