A key Ascending Triangle has formed on BKNG. Analyze the breakout level now.
Bullish continuation pattern.
Sideways movement between parallel supports.
Gradual reversal from bearish to bullish.
Market participants tracking Booking Holdings should note the latest formation. Currently at $177.46, the asset is showing upward momentum (2.68%). Price action has carved out a classic Rounding Bottom. Buying pressure is average relative to the 20-day average. A potential breakout level is identified at $188.31, targeting $226.86 with support near $169.04 (R:R 2.0).
What is your outlook on BKNG?