$ABNB TOP 20 - ON WATCH -
Added 2024-06-23 16:55:56 +0000 UTC$ABNB has been building a strong base above the $145 now and although there hasn't been a large bounce yet off this level, we are seeing a typical series of higher highs and higher lows which is what we want to see when looking for signs of a reversal.
$ABNB is still at the top of my add list right now and I am observing the 50 Day MA moving down now to the price action.
So two important moving averages are starting to squeeze the price now.
A direction will need to be taken and we expect it to be to the upside as shown.
$ABNB is on watch this week.
Comments
Have heard a few stories of people having their Airbnb bookings for Paris cancelled by the hosts only to find them re-listed at 2/3x the price... terrible all round but good for ABNB earnings!
Trevor Sweetnam
2024-06-24 13:09:45 +0000 UTC
