Short Term Trading Set-Ups 07/09/2026
Today we will look at two stocks that show possible short term trading set-ups. The first stock we will look at is Booking Holdings, Inc.(BKNG). Of the two stocks we will mention today, this is the most straight forward set-up. On the 60 Minute chart we can see a fairly sharp move lower from the 188.31 high on 7/07/2026. This morning BKNG touched 170.31 before moving higher. This low formed with a bullish divergence on the RSI(5), possibly signaling a short term low. After moving higher off this low, we see increasing RSI(5) until an hour before close, when we see a slight dip. MACD has now turned positive with this move higher, and the slight dip in the RSI(5), coupled with rising MACD, indicates a short term buy signal. At the moment this can be interpreted as a corrective move in a longer term downtrend, or the beginning of a new move higher. Either way, we should see a continuation of the move higher up to the Upper Bollinger Band, currently at 183-184. Another pricing method ...
