The Long Investor

$ABNB TOP 20

Added 2024-02-11 17:56:24 +0000 UTC

This is the big one for me this week as this has been moving up in an ascending triangle as it leads up to the earnings after the close on Tuesday.

Price has been making higher highs and higher lows and holding support at all the right support Fib levels for the last 12 months....so all this needs is a positive beat and no surprises.

Expedia reported on Friday and shook the sector a lot, so $ABNB needs to carry these concerns.

I have a position and holding through earnings.

We saw last week that $PLTR beat while $BABA and $PYPL hiccuped, so there will always be volatility leading around earnings, the company needs to play its part too....a bad earnings and the structure can break down.....there is very little we can do about that apart from a stop loss.....but please remember not to set them too tight, market markers know exactly where the average investor leaves their stop loss....usually 10% below where they bought.

I will be looking to add this week too