Booking Holdings bounces off the EMA20, week 3
Booking Holdings drops 3.3%, but its EMA20 support keeps the buy signal alive
Booking Holdings bounces off the EMA20, week 3
Our view last week
Booking Holdings is in the 2nd week of a buy signal, and the confirmation week closed higher: the discipline suggests strengthening the position. Signal strength sits at 70 out of 100, in a high-conviction, ordinary-volatility profile. The stock ranks 30th among the 125 buys already running for US stocks and is up 7.4% since entry.
This week's summary
Booking Holdings gives back 3.3% for the week, but price bounces straight off its own daily EMA20 (the 176 area), with buyers making up more than 60% of the volume: the hold is clean. In this week's technical analysis the buy signal is in its 3rd week, signal strength touches 70 out of 100, and the stop has already moved to breakeven - risk zeroed out - though contracting volume and sellers edging slightly ahead on the last bar deserve attention.
IQS Phase
67
in tension
Signal Strength
70
high · wide move
Sizing
FULL
Ranking
#29 / 129
US stocks in progress
Trade P&L %
+3.85%
from signal to today
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