Booking Holdings: Trend Reversal! The sharpness of the correction and the current structure lead us to consider the last high at $4147 as the end of the major wave (I) in blue. We now expect a countermovement in the green wave (II), which should end below the resistance at $4147. Following this corrective counter-move, we expect further declines. That being said, our alternative scenario (33%) calls for further record highs. In this case, we will still have to place the price in the blue wave alt. (I).
Booking
BOOKING Who said travel season was over? 1D MA200 buy signal!Booking Holdings (BKNG) almost touched the 1D MA200 (orange trend-line) for the first time since December 30 2022, and reacted with a strong 1D rebound yesterday. That was also at the bottom of the 14-month Channel Up pattern. With the 1D RSI breaking below the 30.00 oversold barrier on Friday, this is technically the best buy opportunity since the Channel's first Low on October 13 2022.
In fact the two fractals are identical with the 2022 one breaking above the dashed Lower Highs trend-line and hitting the 0.786 Fibonacci retracement level. As a result, we issue a buy signal on BKNG, targeting 3140 (Fib 0.786) before the year is over.
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Booking Holdings: Southern Vacation? 🌴The price of Booking Holding has been heading south in recent days. It has now come very close to support at $2934. As long as this level is not breached, we believe that the price should continue to rise above the resistance at $3251 with the turquoise wave 5. However, if the support is breached, which we see as 33% probable, the price would still make a lower low of the grey wave alt.(II).
Booking (BKNG) -> Pay Very Close AttentionMy name is Philip, I am a German swing-trader with 4+ years of trading experience and I only trade stocks , crypto , options and indices 🖥️
I only focus on the higher timeframes because this allows me to massively capitalize on the major market swings and cycles without getting caught up in the short term noise.
This is how you build real long term wealth!
In today's anaylsis I want to take a look at the bigger picture on Booking Holdings.
Almost 10 years ago Booking Holdings stock entered a quite decent rising channel and is currently retesting the upper resistance from which I do expect a minor bearish rejection.
I would then look for longs at the $2400 structure zone or the $1900 rising channel support since the overall trend is still quite bullish and I do expect a bullish reversal there.
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I know that this is a quite simple trading approach but over the past 4 years I've realized that simplicity and consistency are much more important than any trading strategy.
Keep the long term vision🫡
Booking Holdings: Reservation confirmed 🏨Booking Holdings has booked a room in our dark green target zone between $2939 and $3096 and should reach this destination via wave b in gray. During its stay, the share should establish the distinctive top of the current movement and then leave its dark green lodging on the southern side, heading for the support at $2456. However, there is a 30% chance that wave alt.b in gray could have already checked out and that Booking Holdings could start its journey below $2456 earlier. In that case, the dark green hotel room would remain vacated.
Booking Slips Below Nearby SupportGoing sideways since 2018, Booking.com has not gained much ground. Despite claiming a new all-time high in 2022, the RSI has shown a loss in relative strength. Its very likely that this stock sees a 60% drop in value over the next 2-3 years. Holders should look for the most suitable exit in order to avoid more losses than necessary.
(Wave analysis has been redacted from this marking however, wave-by-wave analysis will be tracked via link in bio).
ABNB Summer runner + new highsABNB Daily TF
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Analysis
Strong name and after 2021 Q1 earnings, reporting revenue has already recovered to pre pandemic levels... $ABNB is showing strength for stockholders and more growth to come with International travel still on the verge of recovering. Possibly see an increase in $ABNB bookings with travel activity increasing as summer approaches. Now... after nearly correcting 40% from ATHs, looks like we have reached a nice bottom consolidation in 129-139 ranges with a nice breakout to 152.70 and building support around 144 level. Nice bull flag set up with two daily inside candles to start the week. These next couple days will determine direction. Ideally would like to see this push to 151 by the next two days, and open the next day above the previous days close for continuation to new highs (over 152.70 is breakout level).
Targets: 155, 162, 173
Key Levels
Support: 146.38, 143.88, 141
Resistance: 151, 152.70
Trade Ideas
1.Shares
2. 1-2+ week out calls (atm/ otm 5-10pts out *further otm buy more time*)
TY Tesla! What's next for us?Tesla is doing great today! As you guys know, I still have a small position, after I booked my profits from our last trade, so, let's see how this one is doing.
Right now, Tesla is above our target, but it feels like it still has some upside, but I'm not sure how much. The RSI is near 70 in the 30min, but we have an impressive candle in the last minutes of the day. And the 4H chart is just flying.
Here, the RSI is around 58, and this tells us that there's still some upside left. But if it drops below the 618, then the bullish thesis might get ruined.
To sum up, we do have some conflicting signs around, and this is an indicator to reduce positions. I'll keep you guys updated about TSLA, and about my next trade. Soon, we'll have another opportunity around.
If you liked this trading idea, remember to click on the “Follow” button to get more trading ideas like this, and if you agree with me, click on the “Agree” button 😉.
See you soon,
Melissa.
TUI Flights Accumulation Phaze With the recent crisis across the world we saw a major decrease in airliner flights, Resulting in multiple booking agency's dropping rapidly over the last few months.
Whilst multiple countrys are still and a lockdown period, we can start to look forward to 2021. With That being said, I think it would be great opportunity to pickup some shares looking for a longterm reversal
Why A Second Covid19 Wave May Not Hit Travel Stocks So HardWhy a second Covid-19 wave may not hit travel stocks as hard as expected
Travel’s troubles might slowly be waning.
Even as U.S. coronavirus case counts spike at a record pace, the industry may have some newfound “leeway” in how it prepares for a possible second wave.
Consumers are growing increasingly frustrated with staying home and many are opting for road trips over flying, which many still consider being of higher risk.
Demand for big corporate travel isn’t back yet, but it’s going to keep these hotels continuing to grow back out of this hole, so, I don’t see them going away quite yet.
Marriott and Booking Holdings reported earnings above analysts’ expectations last week, with both companies noting that travel trends were improving despite continued pressure on their businesses. Booking Holdings CEO Glenn Fogel told CNBC on Friday that October’s rise in Covid cases and restrictions dampened the online travel giant’s results for the month.
Trend-based Fib extension shows that there is a strong support level around 1600. In general, a confident uptrend, aiming at levels.
Best regards EXCAVO
Book me more shorts!!!The entire travel indrustry is firing people.. so how do you expect global tourism would look like in 2021? you might say well they will travel domestically... sure but the available income for the majority of people using booking platform is gonna be less + the fear that older people have... Do you think the vaccine will be ready this year? i dont'... Also someone who invests in this industry will have to buy onto airbnb's IPO
Booking: Forming a very bullish long-term pattern.BKNG has just rebounded off its recent 1D pull-back on the 1D MA50. As in 2016, the recent top was made on the 0.786 Fibonacci retracement level. We expect a slow rise towards the Lower High of the Bearish Megaphone and if crossed aggressive rise to new ATH.
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BKNG, Booking Holdings Inc. - Failed H&S confirmed by BreakoutNASDAQ:BKNG
That's the breakout we were waiting for on a title that we like a lot about its fundamentals.
Head and shoulders that has not reversed the trend, stopped two years ago and that now has broken the level of the tip of the second shoulder of this fantastic pattern.
We enter Long allocating a small part of our portfolio to diversify as usual between our trading strategies.
finance.yahoo.com
From a bubble to a new paradigmJust some thoughts on the market psychology on bubbles.
Prevailing market sentiment on Booking in 2000:
"No stock can recover from that type of bubble."
"Booking is the new Tulip bubble, they took your money for good."
"Internet companies? The Internet is nice but you can't expect them to be able to make real money."
Prevailing market sentiment on Bitcoin in 2019:
"No financial asset can recover from that type of bubble."
"Bitcoin is the new Tulip bubble, they took your money for good."
"Digital currencies? Cryptos are nice but you can't expect them to have any real use in the real world."
Booking went from one of most thunderous busts of the Dotcom Bubble to being its industry's leader. Despite Bitcoin's impressive historic chart, it faces the same degree of disbelief.
Will history repeat?