Stock of the day: Booking Holdings

Today, we revisit Booking Holdings, which we previously analyzed on April 18th. Back then, the technical picture looked encouraging, and we highlighted a strong potential for a bullish breakout. That call proved timely—just days after the analysis, the stock surged, finishing April on a strong note with solid momentum.

As we step into May, the upswing continues. The price has decisively broken above the upper boundary of the wedge pattern, marked with a black trendline. This breakout confirms the earlier positive sentiment and strengthens the case for continued bullish movement.

Currently, the price is approaching the orange horizontal resistance, which corresponds to the highs from December 2024. A daily close above this orange resistance would act as a confirmation of a long-term buy signal and could open the door to new record highs in the coming weeks.

Given the breakout from the wedge and the persistent bullish momentum, the outlook for Booking Holdings remains very promising. A breakout above the orange resistance seems likely, and traders should watch for this move to validate continued upward movement.