Dec. 6 at 1:25 AM
Actionable Trade Alert for
$BKNG:
Market Context:
$BKNG is currently trading at
$5027.2, showing a neutral RSI of 47.98. The stock is positioned between its 60D high of
$5624.89 and low of
$4571.12, indicating potential volatility. The 30-day moving average (MA30) at
$4975.58 suggests a support level, while the 50-day moving average (MA50) at
$5097.68 indicates resistance.
Directional Bias: The neutral RSI and proximity to MA30 suggest a potential upward movement as the price is above the MA30. However, caution is warranted due to the proximity to the MA50.
Trade Plan:
- Suggested Entry:
$5030
- Stop Loss:
$4900 (2.55% below entry)
- Take Profit Targets:
- TP1:
$5200 (3.38% gain)
- TP2:
$5400 (7.36% gain)
- TP3:
$5900 (17.3% gain)
This plan allows for a solid risk-reward ratio, especially with TP3 exceeding 17% ROI.
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