ABNB primed and ready.Hello Traders,
If you missed the big move, don't fret, it looks like there's plenty more upside from here.
As you can see, the price action tells a pretty clear story. ABNB is a BUY.
Let's analyze the chart. ABNB gaps up after the stronger than expected earning report, moving far above the September resistance that had it in a channel.
Once it makes it's move to an ATH, it pulls back setting up for another move higher. The pink and purple lines are the 50 and 200ma's that I'm referring to.
I made some other notations on my chart, as you can see, my custom indicators picked up on the big moves in advance (feel free to ask or check out my page about those).
I wouldn't be surprised if we see another 7-10 points higher in the next week.
Current Support sitting around 203.40, Resistance around the 211.34 (ATH), if that breaks we could quickly see 215+.
We will know more after post and premarket price action, but I like this setup.
Let me know your thoughts!
Comment, Like, Support, etc.
Cheers,
Mike
