$ABNB TOP 20
Added 2024-08-04 18:11:43 +0000 UTC$ABNB has broken down from its wedge this week and we must conclude that the wedge that was formed was a leading diagonal, where waves overlap each other and this can only happen in Wave 1.
Therefore the pull back now is $ABNB's own ABC pull back, which likely started in Feb when it missed on earnings.
This ABC pull back is quite strict, with a perfect Wave B, so now we are watching to see where support can hold.
Finished the week on the 0.5 Fib, well below its 50 and 200 Day MA.
Losing this level at $125 and the next level to watch for is $115.
$ABNB will be a stock I will be buying for my long term portfolio, once support is found.
