Dec. 25 at 1:25 PM
Actionable Trade Alert for
$BKNG:
Market Context:
$BKNG is currently trading at
$5446.51, showing strong momentum with an RSI of 80.29, indicating overbought conditions. The recent price is above both the 30-day MA (5111.13) and the 50-day MA (5094.51), suggesting bullish sentiment. However, the high of
$5624.89 indicates potential resistance.
Directional Bias: Given the RSI and proximity to the 60D high, we anticipate a pullback or consolidation before further upward movement.
Trade Plan:
- Suggested Entry:
$5446.51
- Stop Loss:
$5300 (approx. 2.68% below entry)
- Take Profit Targets:
1.
$5580 (Target 1, 2.44% ROI)
2.
$5700 (Target 2, 4.65% ROI)
3.
$6380 (Target 3, 17.00% ROI)
This plan allows for a favorable risk-reward ratio, targeting a significant upside while managing risk effectively. Monitor market conditions closely.
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