Airbnb, Inc.Long
Possible ABNB Upside Reversal
ABNB broke above a major resistance level of 156 and is currently holding above at 159
Once price action had broke key resistance, price held above the 50 & 100 day EMA acting as support on the daily & weekly..
The past 5 days has been followed with an increase in bull volume on the daily chart as well as a run to over bought levels on the daily rsi
(If bull momentum is strong enough RSI could push to 80-90 before having a pullback, The weekly RSU is turned up around the 50 level showing there is room for more upside)
On the weekly chart we had 4 weeks of strong bull volume showing enough interest to break above that 156 key resistance.
I believe we could see this pullback to test 156 before continuing the run to next resistance of 175.
I would like to see a small pullback with light volume for an entry or a break above previous days high of 162 with high bull volume
Once price action had broke key resistance, price held above the 50 & 100 day EMA acting as support on the daily & weekly..
The past 5 days has been followed with an increase in bull volume on the daily chart as well as a run to over bought levels on the daily rsi
(If bull momentum is strong enough RSI could push to 80-90 before having a pullback, The weekly RSU is turned up around the 50 level showing there is room for more upside)
On the weekly chart we had 4 weeks of strong bull volume showing enough interest to break above that 156 key resistance.
I believe we could see this pullback to test 156 before continuing the run to next resistance of 175.
I would like to see a small pullback with light volume for an entry or a break above previous days high of 162 with high bull volume
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