Trading (BKNG) With Integrated Risk Controls

May 08, 2024, 01:20 am ET, BY James G.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for BKNG

• Buy BKNG slightly over 3480.85 target 3709.95 stop loss @ 3470.8 Details

The technical summary data tells us to buy BKNG near 3480.85 with an upside target of 3709.95. This data also tells us to set a stop loss @ 3470.8 to protect against excessive loss in case the stock begins to move against the trade. 3480.85 is the first level of support below 3605.41 , and by rule, any test of support is a buy signal. In this case, support 3480.85 would be being tested, so a buy signal would exist.

• Short BKNG slightly under 3709.95, target 3480.85, stop loss @ 3720.66 Details

The technical summary data is suggesting a short of BKNG as it gets near 3709.95 with a downside target of 3480.85. We should have a stop loss in place at 3720.66though. 3709.95 is the first level of resistance above 3605.41, and by rule, any test of resistance is a short signal. In this case, if resistance 3709.95 is being tested, so a short signal would exist.

Swing Trading Plans for BKNG

• Buy BKNG slightly over 3622.92, target 3709.95, Stop Loss @ 3612.46 Details

If 3622.92 begins to break higher, the technical summary data tells us to buy BKNG just slightly over 3622.92, with an upside target of 3709.95. The data also tells us to set a stop loss @ 3612.46 in case the stock turns against the trade. 3622.92 is the first level of resistance above 3605.41, and by rule, any break above resistance is a buy signal. In this case, 3622.92, 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 slightly near 3622.92, target 3482.07, Stop Loss @ 3633.38. Details

The technical summary data is suggesting a short of BKNG if it tests 3622.92 with a downside target of 3482.07. We should have a stop loss in place at 3633.38 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, 3622.92, 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 3622.92, target 3703.62, Stop Loss @ 3614.47 Details

If 3622.92 begins to break higher, the technical summary data tells us to buy BKNG just slightly over 3622.92, with an upside target of 3703.62. The data also tells us to set a stop loss @ 3614.47 in case the stock turns against the trade. 3622.92 is the first level of resistance above 3605.41, and by rule, any break above resistance is a buy signal. In this case, 3622.92, 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 slightly near 3622.92, target 3576.7, Stop Loss @ 3631.37. Details

The technical summary data is suggesting a short of BKNG if it tests 3622.92 with a downside target of 3576.7. We should have a stop loss in place at 3631.37 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, 3622.92, 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.

Check the time stamp on this data. Updated AI-Generated Signals for Booking Holdings Inc. (BKNG) available here: BKNG.

BKNG Ratings for May 08:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	3480.85
P2	3576.7	3482.07	3709.95
P3	3703.62	3622.92	3950.42

AI Generated Signals for BKNG

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