$ABNB TOP 20
Added 2024-05-12 18:07:03 +0000 UTCWe got out of $ABNB with a nice profit before earnings because we did not like the weakness shown leading to earnings and it had run quite strong leading up to earnings too, the important level to hold was $155 and had lost this three times leading to earnings too....this was enough for us to get out and it was the right signal and move to make.
Price has dropped down nicely to the 0.618 Fib and we will watch for a hold here or at the very obvious potential support level at the 200 Day MA at $142.
A hold at either level would attract us to adding here again as a starter position and start the process again with 5 buys.
If this does not hold the 200 Day MA then I will wait and the lower it can go the better for us as this is a stock I want to continue to invest in for long term.
In total we have made over 85% in $ABNB by buying at the lows and selling at tops for the last 12 months, simply because of how well this moves in EWT.
I want to continue doing this.
