$ABNB TOP 20
Added 2023-11-01 17:14:55 +0000 UTC$ABNB also reports after the close today and it is at a critical junction here.
Just sitting on the trend line which it had held in August when it was announced that they would be added to the S&P500, so far it is holding support and the market is giving this every chance to be in a good position to move higher if the report is good.
If it is weak, I can see this coming down back into the buy zone and bear case. This would be a large drop so I do not think it would happen immediately but there is certainly a risk of this happening.
I will double my position in $ABNB if I can buy it in the buy zone below $104.
A positive result would be seeing this get back above the 200 Day MA with the market at $125.
