I have spoke a lot during the year about buying at Fib levels when a stock price has run aggressively and then begins to pull back.
$ABNB has been the best chart in 2023 for taking advantage of charts that follow a strict adherence to finding support on Fib levels.
In this case, the 0.618 Fib.
In June and September, we can see that $ABNB jumped exactly on the 0.618 Fib, 49% and 22% but we also bought in November too when it held support on the 200 Day MA at $123.
Most importantly, the price action is now pulling back to the 0.618 Fib level again at $127, a successful hold here and we will catch the next bounce with expected returns of at least 22% again.
My goal is to continue finding charts like this for you so we can take advantage of these very strict following charts.