Verified Investing on $BKNG (Nov 4, 2026)

First, folks, we're going to move on to the "booking.com" stock. The trading symbol is BKNG and we will start with the time frame. They announced their earnings, as you can see here, after the closing bell yesterday.

The earnings report was mixed, with results exceeding expectations in profits but falling short in revenues, as you can see here, by 6.62%.

Despite the mixed report, investors reacted by rewarding this stock, pushing it up by more than 11%. Now, you can see that I have already identified where I will find significant resistance on this BKNG chart.

This level is located exactly at 209.22. You can see that it consists of a descending trend line, the most recent 886 Fibonacci retracement, and most importantly, what I believe tells the real story of this whole chart is this ascending trend line dating back to October 2022.

You can see that I extended this trend line to the pivot point that occurred in August 2024 and then simply plotted it on the chart. You can see that when we went down, we made several attempts to get back above this trend line.

Even this attempt had the ability to withstand the pressure, but it ultimately failed despite this strong upward movement.

We are likely to continue if we have momentum. The stock will face a great deal of resistance as these trend lines intersect with the Fibonacci sequence retracement. It is the “X ” mark that identifies the position with this Fibonacci resistance level at 209.22.

We are still a bit far off at the moment, but this is where I see a great deal of resistance on the chart, and we are likely to see significant selling pressure if the price continues to move in that direction.