How To Trade Booking Holdings Inc. Common Stock BKNG

January 11, 2022, 09:30 am ET, BY Rick O.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

This report provides trading strategies for Booking Holdings Inc. Common Stock (NASDAQ: BKNG) while incorporating risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for BKNG change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if BKNG is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for BKNG too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for BKNG

• Buy BKNG slightly over 2352.89 target 2541.60 stop loss @ 2346.09 Details

The technical summary data tells us to buy BKNG near 2352.89 with an upside target of 2541.60. This data also tells us to set a stop loss @ 2346.09 to protect against excessive loss in case the stock begins to move against the trade. 2352.89 is the first level of support below 2400.7 , and by rule, any test of support is a buy signal. In this case, support 2352.89 is being tested, a buy signal would exist.

• Short BKNG under 2541.60, target 2352.89, stop loss @ 2548.94 Details

The technical summary data is suggesting a short of BKNG as it gets near 2541.60 with a downside target of 2352.89. We should have a stop loss in place at 2548.94though. 2541.60 is the first level of resistance above 2400.7, and by rule, any test of resistance is a short signal. In this case, if resistance 2541.60 is being tested, a short signal would exist.

Swing Trading Plans for BKNG

• Buy BKNG slightly over 2419.26, target 2486.14, Stop Loss @ 2412.27 Details

If 2419.26 begins to break higher, the technical summary data tells us to buy BKNG just slightly over 2419.26, with an upside target of 2486.14. The data also tells us to set a stop loss @ 2412.27 in case the stock turns against the trade. 2419.26 is the first level of resistance above 2400.7, and by rule, any break above resistance is a buy signal. In this case, 2419.26, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short BKNG near 2419.26, target 2352.89, Stop Loss @ 2426.25. Details

The technical summary data is suggesting a short of BKNG if it tests 2419.26 with a downside target of 2352.89. We should have a stop loss in place at 2426.25 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 2419.26, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for BKNG

• Buy BKNG slightly over 2419.26, target 2455.10, Stop Loss @ 2413.62 Details

If 2419.26 begins to break higher, the technical summary data tells us to buy BKNG just slightly over 2419.26, with an upside target of 2455.10. The data also tells us to set a stop loss @ 2413.62 in case the stock turns against the trade. 2419.26 is the first level of resistance above 2400.7, and by rule, any break above resistance is a buy signal. In this case, 2419.26, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short BKNG near 2419.26, target 2400.22, Stop Loss @ 2424.9. Details

The technical summary data is suggesting a short of BKNG if it tests 2419.26 with a downside target of 2400.22. We should have a stop loss in place at 2424.9 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 2419.26, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

BKNG Ratings for January 11:

Term →	Near	Mid	Long
Rating	Strong	Strong	Neutral
P1	0	0	2165.06
P2	2400.22	2419.26	2352.89
P3	2455.10	2486.14	2541.60

Support and Resistance Plot Chart for BKNG

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