SamSuka
The Long Investor
The Long Investor

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$ABNB TOP 20

Very difficult end to the week for $ABNB, I updated this late during the week and highlighted that a short report went after $ABNB, it was just saved by the 200 Day MA from entering our buy zone, this structure is quite complex because the wave leading up to $144 is a corrective wave as I can see 3 waves clearly, so I am expecting 5 waves down now and so far we are seeing this. If it loses the 0.65 Fib, it could come down quite low into the buy zone.

So What Now?

If this loses the 0.65 Fib and comes deep into the buy zone, it is a certain buy for me and I would be delighted to see this come all the way back to $81, if it holds the 0.65 Fib, I will be looking for strength and a retest of the support and then consider buying.

$ABNB TOP 20

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