ABNB: October 12 - 13thA few things to consider going into tomorrow and Thursday. My best guess based on outcome below.
Oct 12: PPI Expectations (Core YOY = 7.2/7.3) (Core MOM = .03/.03) (PPI = 8.4/8.4)
Scenario 1 - Better than expected PPI report will drive the stock to 114 range and it'll close at 11.30 range (below 8.4)
Scenario 2 - Expected PPI report will drive the stock to 11.30 range and it'll fall back and bounce between 108 and 110
Scenario 3 - Worse than expected PPI report may trigger the bear flag and stock will fall 100.75 - 102.90 (above 8.4)
Oct 13: CPI Expectations (CORE YoY = 6.4/6.5) (MoM = .05/.05)
Good CPI report - $117.50 by days end
Bad CPI report - $91 - 95 range by end of day