AIRBNB INC (ABNB:NASDAQ) Soared upon open last Thursday and doubled in price, but the smaller time frames aren't looking so optimistic. Granted if you obtained a position during the IPO you are sitting on a healthy investment currently.
Im looking at price respecting this Pitchfork currently and we have had a bearish close at the end of last week's trading session.
IMO I think it needs to break the 141.58 level which is currently acting as a short term Equilibrium to view this Bullish until we gain some Higher timeframe data.
With a strong break through the Support level @ 141 and then a failed retest I believe this may continue to respect the Pitchfork boundaries and test the .5 Fib level and even the Previous Low @ 135.45
Using the Visible Range tool we can see that there is a battle @ 141 level and im considering that as a short term Supply Level.
Definitely a company to follow on the Nasdaq.
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."
Im looking at price respecting this Pitchfork currently and we have had a bearish close at the end of last week's trading session.
IMO I think it needs to break the 141.58 level which is currently acting as a short term Equilibrium to view this Bullish until we gain some Higher timeframe data.
With a strong break through the Support level @ 141 and then a failed retest I believe this may continue to respect the Pitchfork boundaries and test the .5 Fib level and even the Previous Low @ 135.45
Using the Visible Range tool we can see that there is a battle @ 141 level and im considering that as a short term Supply Level.
Definitely a company to follow on the Nasdaq.
"DISCLAIMER: NO ADVICE. The information presented here is general in nature and is for education purposes only. Nothing should be considered to be advice. You should consult with an appropriate professional for specific advice tailored to your situation."