Largely unaffected by the market decline this week because we know that this is not in Wave 5.
The 200 Day MA was tested again and for the 3rd time in 2 months we can see that support was found here.
This is similar to the $AMD chart, so we want to see these companies hold their 200 Day MA
A breakdown here would mean a break below the yellow trend line, with the 0.618 Fib at $135 being the limit.
$ABNB is a company I will always hold while their fundamentals remain strong, so if $ABNB breaks into the buy zone, I will be adding and taking advantage.
Jay
2024-07-26 20:28:38 +0000 UTC