Stock investments: I have been increasing my long term position on Booking.com $BKNG mainly because I think similar to Amazon, the future of travel sales is online. I think I will be bullish for this company as long as they are making money. People will travel, and people will buy tickets online.
Ever since $BKNG price dropped below is major support (SMA 200) in August 2018, it has tried but failed to capture its 200 day simple moving average five times. It looks lime the price will continue to drop some more until the selling is exhausted and buyers will start pouring money in Booking.com.
I think for bulls like me, this weakness is a great opportunity to buy some more.
Ever since $BKNG price dropped below is major support (SMA 200) in August 2018, it has tried but failed to capture its 200 day simple moving average five times. It looks lime the price will continue to drop some more until the selling is exhausted and buyers will start pouring money in Booking.com.
As for me, I am buying these dips as small positions at a time.
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