The Long Investor

$ABNB TOP 20 UPDATE

Added 2023-05-16 11:02:23 +0000 UTC

It is quite remarkable at times to see how powerful the Fib levels are at finding support and resistance levels. We have shown for a number of weeks, maybe months here that we expect the price to come down to the 0.65 Fib and enter the buy zone here.

It has done exactly that now. So far it has been holding well too, after gap filling down to $104.21.

The RSI and MACD are in a good position to start a move to the upside too, both are showing reversal indications.

I have added here and I am happy that I have done so, if it starts its move up now, I will add on pull backs, if it decides to go lower into the buy zone, even better, I will add and take advantage of cheaper shares.

My Top 20 list is compiled of stocks I want to hold long term, if I can buy them in the buy zone, I will certainly be holding for long term.