A Potential Support
Updated
Airbnb is another company I love. Beating earnings since Q2 2021. Strong fundamentals.
Today
ABNB touched the daily 100 EMA, around 4% above the 200 daily EMA, and below the 20 and 50 EMAs.
The stock went below the 100 EMA during the day and went all the way up with a nice recovery above it, holding the support around $128.
That's when I entered my position at $129.15. Stop loss at $125.80, looking for an 8% upside at $140.36.
Today
ABNB touched the daily 100 EMA, around 4% above the 200 daily EMA, and below the 20 and 50 EMAs.The stock went below the 100 EMA during the day and went all the way up with a nice recovery above it, holding the support around $128.
That's when I entered my position at $129.15. Stop loss at $125.80, looking for an 8% upside at $140.36.
Trade closed: stop reached
Got kicked from my position at my stop loss at the start of the day.
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