Nov. 14 at 3:01 AM
$ABNB: The current market context shows a last close at
$121.19, with an RSI of 28.12 indicating that the stock is oversold. The price is below both the 30-day MA of
$123.58 and the 50-day MA of
$123.44, suggesting bearish momentum. The 60-day high of
$131.11 and low of
$116.32 indicate a trading range that could provide support and resistance levels.
Directional bias is bearish due to the low RSI and the stock trading below moving averages. However, the oversold condition may lead to a potential bounce.
Suggested entry:
$119.50 (near the 60D low for support). Stop loss:
$115.00 (below the recent low).
Targets: First target at
$123.00 (near the 30-day MA) and second target at
$126.00 (mid-range of the 60D high-low).
Monitor for confirmation of a reversal before entry.
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