$ABNB TOP 20
Added 2023-08-29 18:17:19 +0000 UTCVery nice move today, initially bouncing on the trend line and the 0.618 Fib, retested again and bounced very strongly.
A lot of stocks are enjoying some green today but this is still needed to complete Wave B of the market bounce too, so its misleading in that people may think this is a reversal but until the price moves above the 50 Day MA, particularly on the market $SPY and $QQQ charts and holds above this level, we could still see a further low.
That being said, so far it is testing this but we need to see support above the 50 Day MA.
So for $ABNB we need to see a hold above $135.....I have been really impressed with holding at the 0.618 Fib and yellow trend line tho.
Comments
Don’t see 3 waves in the pullback here. Do you? Maybe it looks different at other time intervals?
Jesse Gaffey
2023-08-29 21:30:48 +0000 UTCGood info, thanks for the reminder about 50 day MA.
Steven Richards
2023-08-29 18:24:03 +0000 UTC
