Trading (BKNG) With Integrated Risk Controls
August 08, 2024, 23:58 pm ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for BKNG
- NONE. Details
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
- Short BKNG slightly under 3596.01, target n/a, stop loss @ 3606.4 Details
The technical summary data is suggesting a short of BKNG as it gets near 3596.01, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 3606.4. 3596.01 is the first level of resistance above 3394.85, and by rule, any test of resistance is a short signal. In this case, if resistance 3596.01 is being tested, so a short signal would exist.
Swing Trading Plans for BKNG
- Buy BKNG slightly over 3422.78, target 3596.01, Stop Loss @ 3412.9 Details
If 3422.78 begins to break higher, the technical summary data tells us to buy BKNG just slightly over 3422.78, with an upside target of 3596.01. The data also tells us to set a stop loss @ 3412.9 in case the stock turns against the trade. 3422.78 is the first level of resistance above 3394.85, and by rule, any break above resistance is a buy signal. In this case, 3422.78, 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 3422.78, target 3203.24, Stop Loss @ 3432.66. Details
The technical summary data is suggesting a short of BKNG if it tests 3422.78 with a downside target of 3203.24. We should have a stop loss in place at 3432.66 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, 3422.78, 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 3422.78, target 3451.99, Stop Loss @ 3414.79 Details
If 3422.78 begins to break higher, the technical summary data tells us to buy BKNG just slightly over 3422.78, with an upside target of 3451.99. The data also tells us to set a stop loss @ 3414.79 in case the stock turns against the trade. 3422.78 is the first level of resistance above 3394.85, and by rule, any break above resistance is a buy signal. In this case, 3422.78, 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 3422.78, target 3333.26, Stop Loss @ 3430.77. Details
The technical summary data is suggesting a short of BKNG if it tests 3422.78 with a downside target of 3333.26. We should have a stop loss in place at 3430.77 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, 3422.78, 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 August 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Weak |
Strong |
| P1 |
0 |
0 |
3596.01 |
| P2 |
3333.26 |
3203.24 |
3895.61 |
| P3 |
3451.99 |
3422.78 |
4174.07 |
AI Generated Signals for BKNG
Blue = Current Price
Red= Resistance
Green = Support
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Fundamental Charts for BKNG:
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