Nov. 14 at 2:53 AM
$BKNG: The last close at
$5075.61 indicates a position within the recent trading range, with a 60D high of
$5795.0 and a low of
$4855.4. The RSI at 45.84 suggests a neutral to slightly bearish momentum, indicating potential for a reversal or continuation. The current price is below both the 30-day MA (5124.83) and the 50-day MA (5270.88), reinforcing a bearish sentiment in the short to medium term.
Directional bias: Bearish, due to the price being below key moving averages and the RSI indicating no overbought conditions.
Suggested entry:
$5050, aiming to capitalize on potential downward movement.
Stop:
$5150, to limit losses if the price moves against the position.
Targets: First target at
$4900, aligning with the 60D low, and a second target at
$4855, the 60D low, for maximum profit potential.
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