A key Double Bottom has formed on BKNG. Analyze the breakout level now.
Reversal pattern after a downtrend.
Expanding volatility. Sign of instability.
Traders are watching Booking Holdings (BKNG) as price action tightens. The stock is trading at $4144.17, down 0.36% on the day. Algorithmically, a **Double Bottom** structure has completed. Volume is average (1.12x avg) with high trend strength (62.9). A potential breakout level is identified at **$5518.84**, targeting **$6966.08** with support near **$4795.22** (R:R 2.0).
What is your outlook on BKNG?