Bearish AlertBearish Alert on top of this bullish wave.
There is already a kind of negative price action.
waiting for the combo to be complete.
BKNG trade ideas
$BKNG with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for $BKNG after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 100%.
BKNG Recession comingEconomic bubble is about to explode around the world, first signals are already here, it's a good time to close your operation and go short to the market
$BKNG with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $BKNG after a Negative over reaction following its earnings release placing the stock in drift B with an expected accuracy of 77.78%.
Booking Slips Below Nearby SupportGoing sideways since 2018, Booking.com has not gained much ground. Despite claiming a new all-time high in 2022, the RSI has shown a loss in relative strength. Its very likely that this stock sees a 60% drop in value over the next 2-3 years. Holders should look for the most suitable exit in order to avoid more losses than necessary.
(Wave analysis has been redacted from this marking however, wave-by-wave analysis will be tracked via link in bio).
Booking following the general trend. BKNGWe are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Booking Holdings Inc – 40% Shorting Opportunity Not to Be MissedIf you like this idea, please don’t forget to Boost it.
Fundamental Indicators:
Sector – Consumer Cyclical
US Business Cycle Stage – late cycle, when this sector is not favourable
Revenue – suffered significantly during pandemic period and 2022 TTM is showing revenue just shy of 2019 level, with 9% average annual rate
Profits – profits, however, have not recovered and considerably lower pre-pandemic high, nearly 70% less than in 2019
Net margin – decent 10.5% but considerably less than in 2019 with over 30%
P/E – extremely high with 55 ratio compared to S&P500 with 21 and Consumer Cyclical sector with 23
Liabilities - debt ratio is at 0.84 which is a little over the norm, Net Debt/ EBITDA is negative – no problems with debt
Conclusion – considering that business is still struggling to recover from the pandemic, with considerable drop in earnings, and being grossly overpriced, it is very likely to correct further
Technical Analysis (Elliott Waves):
Main scenario of this idea suggests that we are still observing development of the global growth cycle which is currently at the stage of forming corrective wave 4 (see higher timeframe graph)
From the point of correction during the Great Financial Crisis in 2008 this company has enjoyed explosive growth with nearly 7000% in stock appreciation
Although very rapid, the whole movement is choppy with a lot of crossings, hence likely to be an Ending Diagonal (see guidelines for Ending Diagonals below)
We are currently observing the formation of wave 4 of this Ending Diagonal, where the first leg is forming as ABC zigzag – wave A as an impulse has completed and wave B is shaping as a complex Running Correction which is normally contained within a channel
Once it reaches boundaries of this channel at a circa $2290 level, we can expect a reversal and unravelling of wave C towards the level of circa $1370 – which may present 40% shorting opportunity
This is a higher timeframe to reflect the full history of Booking Holdings Inc and to provide full wave count:
This is the link to the guidelines for Ending Diagonals
What do you think about Booking Holdings Inc and its short term prospects?
Also let me know if you would like to see other stocks, indices, Forex or Crypto analysed using Elliott Waves. And BOOST this idea if you like it.
Thanks
$BKNG with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $BKNG after a Negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 60%.
$BKNG with a Neutral outlook following its earnings #Stocks The PEAD projected a Neutral outlook for $BKNG after a Positive over reaction following its earnings release placing the stock in drift B with an expected accuracy of 75%.
Booking Holdings - Time for Bubble to Burst?Is it time for Booking Holdings to correct and let the steam out of the overpriced and struggling business?
Following Covid pandemic travel business has suffered the greatest blow for over a decade impacting all the areas of this industry. And it still has not fully recovered.
Specifically with this company the financial indicators speak for themselves:
Revenue - 2021 figure was less than half of 2020 which was already impacted by the all known events, and 2022 is probably unlikely to recover to pre-Covid times
P/E - is at 78x and at the time when there is a high risk of global recession investors will be thinking twice if to hold this stock in the portfolio
Earnings Reporting - Q4 2021 results were not as impressive and Q1 has to be exceptional to keep investors interested
Technical analysis remarks - looking at the monthly timeframe (more visible in a log scale) it is possible to mark full impulse with an ending diagonal recently completed. The presented scenario suggests that this might be the first impulse and correction in the second wave is to follow. The retracement may be quite deep to 0.618 or 0.786 Fibonacci levels hence a significant drop to £1000 and $600 accordingly.
Considering both fundamental and technical points this scenario is quite plausible for Booking Holdings .
What do you think about this idea?
Please share your thoughts in the comments and like this idea if you would like to see more stocks analysed using Elliot Waves.
Thanks
BKNG - Trade set upAnother great time to look at BKNG again. Here we are again at the same resistance that we have made so much money off in the past. Another great setup for some nice cash. Wait till it breaks to get in.
$BKNG with a Bearish outlook following its earnings #Stocks The PEAD projected a Bearish outlook for $BKNG after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 80%.
$BKNK Double Top Activated!Booking activated a double top when lost 2057.32 $ which was a support for the last 227 days.
The figure is very clear and for the last two days it's been rendering two little candles with little shadows so now which was a support now seems a resistance.
The objective of the double top is the 1400 $ zone. Let´s see what happens!
If you want to $SHORT this ticker, that's your order:
BUY: anything under 2056 $.
STOPLOSS: Theory says to set the ceiling area but that´s too much IMO, that's a lot to put into risk. I would set some value below the 200 WMA. But it's up to you.
TAKE PROFIT: 1400 $.
BENEFIT: Around 30%
This is not financial advice. Do your own due diligence.
BKNG - Trading IdeaThis is a nice one to watch in the coming days. Might take a few days or maybe just tomorrow to break this entry line. If we break the enter line, (and strong support 3 times in the past) this is a pretty safe short. I have made a lot of money of this Stock already..
BKNG - Swing trade 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.
BKNGFrom 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 divergence may be formed.
3. From the point of view of wave analysis, it could be like wave B within the Expanded Flat, then wave C should be 168% of A. BUT this is min value, it can be and 268%, but the value of the distance below the horizontal level of 61.8% - so we get 1842.
4. Buy now is risky, it is not known what index to the end, and what the decision of the fed (I am writing this text before the FED decision is made).
5. It would be better to wait for the divergence in the week for RSI, the MFI penetration level 0 on the daily timeframe, the higher-2208, as a reference point.
Pull Back FishingRainy 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 is higher than peak 1. The 2nd leg pulled to the .5 fib level and the shark has no true rules for the 2nd leg retracement. For now, it landed at the .886 of the first leg up, or the impulse wave. It passed the .786 on this nose dive, so for me, it is not a Cypher. The retracement, 2nd leg, of the Cypher does have rules and the .5 falls within those rules, but it passed the .786 so the Cypher is ruled out for me. The last leg of a Cypher is the .786, or close, of the entire structure (beginning of the impulse wave to the highest peak, and the shark final leg is calculated using the first peak. I get these 2 confused until the point of completion is reached.
the shark is labeled OXABC. The Cypher is labeled XABCD. Maybe to differentiate them because they are similar.
The shark is considered to be a reversal pattern.
Bad day in the market for sure. I am like, holy cow Mr. Market. Happy Thanksgiving to you too!
No recommendation
BKNG at Breakout $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 @ 2600.00
Target 2 @ 2700.00
BKNG: booking.com sell at resistance (profit) 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)
BKNG (booking.com)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.
