$ABNB TOP 20
Added 2023-07-24 11:40:54 +0000 UTCI am seeing more negative comments online about insiders selling here and I think it is just anger and frustration from those who have missed this run and would love to get in lower......and I do not blame them but the chart is very clean and has not put a foot wrong.
We can see that there was a small retest at the top yellow line last week, found support and bounced then. We do like to see this.
Retests in upward movements are little buy signals to indicate that the trend is strong.
Think of it this way, when you climb mount everest, you reset at different base camps before going higher. Retests are our base camps.
To get back to the insider selling, a lot of these can be pre assigned selling from months previous and some holders may have a lot of shares that they need to free up capital, check out Walmarts insider selling lately and their share price....insiders have been selling Billions worth of stock and the share price continues to climb.
Comments
Ha just looking back on my charts from last year....they definitely were not as clean, less is more now
Gareth Neary
2023-07-24 11:58:01 +0000 UTCThere was a number of opportunities available at that time so I am sure you put the rest of your capital into other stocks and made money there too so don't beat yourself up about it......averaging up is perfectly fine when the chart is showing strength, its a solid risk off strategy and a safe harbour to store cash too.
Gareth Neary
2023-07-24 11:57:34 +0000 UTCStarted position in your buy zone, wished I used 100% of my allocated funds for it at the time LOL...Its been a perfect moving chart. Been buying "dips" along the way. Have 20% of allocated funds remaining, EW is telling me to spend that quick! Always hate averaging up, even when I know its longterm😂 Thank you for the confirmation! Again, you always have such clean, pretty charts.
SLim
2023-07-24 11:55:02 +0000 UTC
