We got ourselves a great setup for a swing trade. This could rip a few hundy or more before it's over. Get in after the enter is broken. Options are expensive so small accounts might have issues with this one. All time high is 2687 but I can see this breaking that possibly.
From 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...
Rainy market day for sure )o:
A crooked M and stopped near the .886 after a gap down. Price is around 150 dollars right now from the low of 2099.12. As I write this price is at 2155.55. Healthy gap down candle right this second but can change by close. I like to see buyers come in when a stock loses so much in one day.
This looks like a Bull Shark as peak 2...
$BKNG showing a bullish hammer today after consolidating for the past two weeks.
$BKNG showing bullish hammer right below resistance (2541.73)
$BKNG would hit a new ATH if breaking resistance
$BKNG reported good earnings on Tuesday
I would wait until $BKNG breaks through (2541.73) and then retests the resistance turning it to support
Target 1 @...
Did not like how market is trading after opening.
Seems to be quite indecisive.
Maybe I should wait until close.
But recently, I do not want to drag my trades for too long.
I believe I can find a better point for re-entry if possible.
What to do better
I think all's ok.
Profit 3.5%
Sold 2494 (21-10-19)
Bought 2410 (21-10-21)
Really want to find something to short with market so high.
Almost every major stock is given a bullish rating.
Find that BKNG technically offers one of the best risk reward.
And I personally have some fundamental bias against it.
Maybe a quick short at 2500, and cover my positions if it goes to 2600.
Still thinking about it.
Trying to find weaker stocks.
BKNG is not to Long entry level which would be a break of the left side of the cup's high. The left side is sometimes known as the sell side of the cup and the right side is the buy side.
Mid cup is 2284.75. The handle low and mid cup can be strong sources of support. In theory, mid cup should be below the handle low or the cup is corrupted.
No...
$BKNG has been bouncing off that rising channel trendline support areas as highlighted in the chart . We are doing it again. Expecting this to touch the top of the channel trendline around $2650-$2700 in coming trading session. IMo. Thanks. (Not Financial Advice)
Head and Shoulders are reversal signs and have different types such as simple, complex, reversed and etc.
So there need to be a bull-run for 10-30% before the peak of left shoulder. (or a bearish drop before a reverse H&S)
The most important factor is seeing higher selling volume and smaller buying volumes specially on the top.
The head has to be taller...
Booking.com re-travelling play here looks good for a swing trade. Again, very important to keep good Reward to risk ratio (1.68) .
The best plays are like this one that have room to the upside although the candles aren't the best.
This is an example of a beautiful running flat. Normally I would buy calls on this stock; however, they're too pricey for my liking. This is an example of how the stars don't always align. Trading is a science, but not a perfect science.
The PEAD projected a neutral outlook for $BKNG after a positive over reaction following its earnings release placing the stock in drift B
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I almost bought a $2,300 put, at close, was too expensive so I grabbed a $2,200 lol. Not going to do much, but that was the move I thought could happen
Has climbed a long way so far..Has reached long entry level and experienced a throwback..
And against the odds since I do not think many folks are traveling..I have the feeling we will live again though (o:
Long time high is 2290.04/Long impulse wave and pulled back, but formed a handle low.
Not a recommendation
If you do not reach for what you want, you will...
