When we look at the Booking Holdings Inc (NASDAQ:BKNG) chart, we can see its gradual fall from the $2350 range to the $2150 initially and further down to the $2000 level during yesterday’s session where it managed to form support. It was last found trading at the $2102, having overhead resistance at the $2222 range.
Booking Holdings had scheduled a quarterly earnings announcement yesterday, in an after-hours session. Both EPS and Revenue exceeded expectations, beating the Q1 estimates. Today we can expect a move close to and possibly above the $2222 closest resistance level.
If however, it doesn’t manage to hold on to the current level then a move towards and below the $2000 closest support level can be expected.
