BKNG: Hidden Accumulation Cues
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BKNG has had HFTs attempting to sell it down several times but it holds within a sideways trend still. This implies hidden accumulation.
If it breaks to the upside, then this sideways trend becomes support.
BKNG must do as all other high-priced stocks have done: do a big split to lower the share price to $100 - 300. When the Board does so, the stock has more potential for runs up rather than down.
BKNG has had HFTs attempting to sell it down several times but it holds within a sideways trend still. This implies hidden accumulation.
If it breaks to the upside, then this sideways trend becomes support.
BKNG must do as all other high-priced stocks have done: do a big split to lower the share price to $100 - 300. When the Board does so, the stock has more potential for runs up rather than down.
Martha Stokes, CMT
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