ABNB Back On My RadarA 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!