Inverse head and shoulders - cup and handle
ABNB held strong when the market sold off on 13.09.
Now it's sitting at its one-month high, which is also the baseline of the inverse "Head and Shoulders" pattern and VAH (Value Area High).
Stocks tend to cut through low-volume zones quickly.
These are bullish signs, but the coming days will be critical as indices have a big impact on the movements of individual stocks.
If the overall market rises, there is a good chance of a breakout (above).
But, please note that the RSI is almost overbought, so the upside room is limited.
Resistance: 135.47, 143.88
Support: 116.05
Now it's sitting at its one-month high, which is also the baseline of the inverse "Head and Shoulders" pattern and VAH (Value Area High).
Stocks tend to cut through low-volume zones quickly.
These are bullish signs, but the coming days will be critical as indices have a big impact on the movements of individual stocks.
If the overall market rises, there is a good chance of a breakout (above).
But, please note that the RSI is almost overbought, so the upside room is limited.
Resistance: 135.47, 143.88
Support: 116.05
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