BKNG - Rising Trend Channel [MID -TERM]🔹Breakout the ceiling of rising trend channel in the medium long term.
🔹Supports 2770 in negative reaction.
🔹Technically POSTIIVE for medium-term long-term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
BKNG trade ideas
Symmetrical TriangleNeutral until broken.
Top line slopes don and is resistance.
Bottom line slopes up and is support until broken.
Price is at support today.
W pattern noted that is easier to see on weekly.
Ws are known to reverse at the end of the 4th leg up.
Valley 2 is lower than valley 1.
I left the fourth leg up dashed as I am not sure it is complete.
Possible Shark/ATH 2786.85
No recommendation.
BKNG: Hidden Accumulation CuesThe big season for vacations starts this week as schools close, graduations begin, weddings increase, and families plan big vacations this year.
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.
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).
Booking following the general trend. BKNGWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Booking Holdings Inc – 40% Shorting Opportunity Not to Be MissedIf you like this idea, please don’t forget to Boost it.
Fundamental Indicators:
Sector – Consumer Cyclical
US Business Cycle Stage – late cycle, when this sector is not favourable
Revenue – suffered significantly during pandemic period and 2022 TTM is showing revenue just shy of 2019 level, with 9% average annual rate
Profits – profits, however, have not recovered and considerably lower pre-pandemic high, nearly 70% less than in 2019
Net margin – decent 10.5% but considerably less than in 2019 with over 30%
P/E – extremely high with 55 ratio compared to S&P500 with 21 and Consumer Cyclical sector with 23
Liabilities - debt ratio is at 0.84 which is a little over the norm, Net Debt/ EBITDA is negative – no problems with debt
Conclusion – considering that business is still struggling to recover from the pandemic, with considerable drop in earnings, and being grossly overpriced, it is very likely to correct further
Technical Analysis (Elliott Waves):
Main scenario of this idea suggests that we are still observing development of the global growth cycle which is currently at the stage of forming corrective wave 4 (see higher timeframe graph)
From the point of correction during the Great Financial Crisis in 2008 this company has enjoyed explosive growth with nearly 7000% in stock appreciation
Although very rapid, the whole movement is choppy with a lot of crossings, hence likely to be an Ending Diagonal (see guidelines for Ending Diagonals below)
We are currently observing the formation of wave 4 of this Ending Diagonal, where the first leg is forming as ABC zigzag – wave A as an impulse has completed and wave B is shaping as a complex Running Correction which is normally contained within a channel
Once it reaches boundaries of this channel at a circa $2290 level, we can expect a reversal and unravelling of wave C towards the level of circa $1370 – which may present 40% shorting opportunity
This is a higher timeframe to reflect the full history of Booking Holdings Inc and to provide full wave count:
This is the link to the guidelines for Ending Diagonals
What do you think about Booking Holdings Inc and its short term prospects?
Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves. And BOOST this idea if you like it.
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Booking Holdings - Time for Bubble to Burst?Is it time for Booking Holdings to correct and let the steam out of the overpriced and struggling business?
Following Covid pandemic travel business has suffered the greatest blow for over a decade impacting all the areas of this industry. And it still has not fully recovered.
Specifically with this company the financial indicators speak for themselves:
Revenue - 2021 figure was less than half of 2020 which was already impacted by the all known events, and 2022 is probably unlikely to recover to pre-Covid times
P/E - is at 78x and at the time when there is a high risk of global recession investors will be thinking twice if to hold this stock in the portfolio
Earnings Reporting - Q4 2021 results were not as impressive and Q1 has to be exceptional to keep investors interested
Technical analysis remarks - looking at the monthly timeframe (more visible in a log scale) it is possible to mark full impulse with an ending diagonal recently completed. The presented scenario suggests that this might be the first impulse and correction in the second wave is to follow. The retracement may be quite deep to 0.618 or 0.786 Fibonacci levels hence a significant drop to £1000 and $600 accordingly.
Considering both fundamental and technical points this scenario is quite plausible for Booking Holdings .
What do you think about this idea?
Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliot Waves.
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$BKNK Double Top Activated!Booking activated a double top when lost 2057.32 $ which was a support for the last 227 days.
The figure is very clear and for the last two days it's been rendering two little candles with little shadows so now which was a support now seems a resistance.
The objective of the double top is the 1400 $ zone. Let´s see what happens!
If you want to $SHORT this ticker, that's your order:
BUY: anything under 2056 $.
STOPLOSS: Theory says to set the ceiling area but that´s too much IMO, that's a lot to put into risk. I would set some value below the 200 WMA. But it's up to you.
TAKE PROFIT: 1400 $.
BENEFIT: Around 30%
This is not financial advice. Do your own due diligence.
BKNGFrom the technical side, what do we have:
1. Divergences on CMF, RSI on the daily timeframe. The price is decreasing, and the MFI is growing, so there are buy-off purchases. We also keep the level of some. We are on EMA500
2. On the weekly chart, MFI also doubles the trend, but the rebound may be from EMA200, it is lower. With some further decline, a hidden divergence may be formed.
3. From the point of view of wave analysis, it could be like wave B within the Expanded Flat, then wave C should be 168% of A. BUT this is min value, it can be and 268%, but the value of the distance below the horizontal level of 61.8% - so we get 1842.
4. Buy now is risky, it is not known what index to the end, and what the decision of the fed (I am writing this text before the FED decision is made).
5. It would be better to wait for the divergence in the week for RSI, the MFI penetration level 0 on the daily timeframe, the higher-2208, as a reference point.