ABNB Short Term Breakout?
After ER crush, ABNB rebounded to pre-ER price within 2 trading sessions. In my prior post, I notified a triangle consolidation that led to a big breakout. My bearish macro bias led me to believe the consolidation would lead to a breakdown. I was wrong.
There are monkeypox outbreak FUD shuffled with various negative macroeconomic news making rounds in the media. Without paying attention to the news cycle and judging by this chart alone, it appears a breakout is forming (in sympathy with EXPE's equally great ER). I do not see any resistance to $125-ish. I currently hold shares only and may try to catch some % of the upside tomorrow 8/5/2022 with calls. My outlook is bullish very short-term.
There are monkeypox outbreak FUD shuffled with various negative macroeconomic news making rounds in the media. Without paying attention to the news cycle and judging by this chart alone, it appears a breakout is forming (in sympathy with EXPE's equally great ER). I do not see any resistance to $125-ish. I currently hold shares only and may try to catch some % of the upside tomorrow 8/5/2022 with calls. My outlook is bullish very short-term.
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