A strong reaction to ABNB earnings put this ticker back on the map for me. Now lets see how it plays out.
Short term bullish momentum: We could see this week, (especially if the NASDAQ and S&P break through to ATHs), this continue up toward 169 before digesting some. If it does this, the retest could be at 161-163, the top of the breakout candle body or wick, or a bit further to the top of the gap at 157. Gap up to go up? Possibly.
Bullish after retest: If this retests just to the 155-157 area, I would deem this as a sign of strength, honoring the gap up without filling it.
Deeper pullback: A breakdown to 148 wouldn't invalidate this as a long position, but I'd want to see it hold up at that level. Otherwise it's back off my list.
As a short term rental owner, the fees have been forever climbing for me and my guests. So if I could get a good chunk back from a couple of plays on this name, I'd feel satisfied lol!
Short term bullish momentum: We could see this week, (especially if the NASDAQ and S&P break through to ATHs), this continue up toward 169 before digesting some. If it does this, the retest could be at 161-163, the top of the breakout candle body or wick, or a bit further to the top of the gap at 157. Gap up to go up? Possibly.
Bullish after retest: If this retests just to the 155-157 area, I would deem this as a sign of strength, honoring the gap up without filling it.
Deeper pullback: A breakdown to 148 wouldn't invalidate this as a long position, but I'd want to see it hold up at that level. Otherwise it's back off my list.
As a short term rental owner, the fees have been forever climbing for me and my guests. So if I could get a good chunk back from a couple of plays on this name, I'd feel satisfied lol!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.