ABNB possible long set up
ABNB recovered quickly from all time lows and has entered on stage 2 early this year.
After gapping up on Q1 earnings, it has given up all it's gains since.
It is now testing, for the 3rd time this year, the 150/200MA after disappointing Q2 earnings where we saw the highest volume of the year. The candle closed big on green so that volume was not selling pressure!!
Yesterday we've had an inside candle and depending on today's close, we can have an opportunity to enter long next Monday.
Risk is 106$ (5,5%) and I would close some gains at 128$ (15%)
After gapping up on Q1 earnings, it has given up all it's gains since.
It is now testing, for the 3rd time this year, the 150/200MA after disappointing Q2 earnings where we saw the highest volume of the year. The candle closed big on green so that volume was not selling pressure!!
Yesterday we've had an inside candle and depending on today's close, we can have an opportunity to enter long next Monday.
Risk is 106$ (5,5%) and I would close some gains at 128$ (15%)
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