$ABNB TOP 20
Added 2023-11-05 21:22:13 +0000 UTC$ABNB also beat on their report this week and their EPS particularly was impressive and beating by 214%.
There was a slight lower outlook for nights in Q4 and the following day after the report was slightly red but the next day it opened strong and finished up 6% for the day, with analysts recommending a Buy with an average price target of $160....I suspect this will be revised up again after the next earnings report.
I like how this has held above the yellow trend line and found support on the 0.78 Fib which was a confluence level with the trend line.
What I want to see is the price get above the 200 Day MA next at $125 and holding above this level.
Only until this happens can the bulls feel at ease.
I was very impressed with the change in net profit margin in one year, from 20% to 58%.
So I am happy with my position here but want to see the price build on its momentum next week.
