Dec. 17 at 2:06 AM
Actionable Trade Alert for
$BKNG:
Market Context:
$BKNG is currently trading at
$5465.85, showing strong momentum with an RSI of 82.52, indicating overbought conditions. The price is above both the 30-day (MA30: 5024.69) and 50-day (MA50: 5072.91) moving averages, suggesting bullish sentiment in the short term.
Directional Bias: The high of
$5624.89 over the last 60 days presents a resistance level, while the low of
$4571.12 indicates solid support. Given the current price is near the 60D high, caution is advised, but the strong upward momentum may offer trading opportunities.
Trade Plan:
- Suggested Entry:
$5465.85
- Stop Loss:
$5300 (approx. 3% risk)
- Take Profit Targets:
1.
$5600 (2.4% gain)
2.
$5700 (4.3% gain)
3.
$6400 (17% gain)
With the potential for a significant upside, consider monitoring closely for entry opportunities.
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