$ABNB TOP 20
Added 2024-04-06 18:52:15 +0000 UTC$ABNB has pulled back this week in search of a support level, its rise has been so strong since breaking out of the ascending triangle that in spite of a decline from $170 to $160, there is still some distance before a test of the 50 Day MA at $156, which is just above the ascending triangle support line at $155.
I will be looking for a hold of support on these levels, any loss of these levels will be a significant change in trajectory for me.
Right now I am not doing anything about my position and still comfortably in profit.
We can see since November that there has been a number of declines like this but overall the trend remains to the upside and no break down of structure has occurred.
When we see this it helps to keep emotion away and focus on what we see.
As long as the structure remains, we do not have to do anything, let it test support as we would always.
Comments
With a hold @ $156, would you see this as a great opportunity to add Captain? Haven’t added here since $145 (personally)
Josh Stevens
2024-04-07 12:10:35 +0000 UTC
