A big earnings day for ABNB trading more then 12% higher, we are now about 10% away from the retest and quite frankly getting there much sooner then I anticipated. I plan to take some profits if/when we retest that 220 area.
Was really expecting this base to break to the downside and for now we need to wait and see what happens with earnings. If it does gap up through 180 earnings may be just whats needed to push it out of this base. If it gaps down under this $168 area, will be a big avoid for some time.
GS failed this week at the 4th attempt through that $420 where we took a 2-3% loss, now that we are out of the way we can see how far it wants to pull back and gives this name some time to set back up.
MDB broke out of its earnings flag into new all time highs, based off the range of the prior flag the measured move should sent to towards 600 in time. For now keeping a stop vs the PLOD close to break even.
Still have almost 2 months till earnings and this name just as well might continue to flag out until then, if not, then we want to keep an eye on this 94 level.
So far the proper stop seems to be vs 90 for now, if you have yet to take any profits, a stop for some under the LOD could make sense. The ideal target for this trade would be to hold till the retest.
With earnings out of the way and a 3 plus attempts at this 460 level, it could be getting ready for its next leg as the 200 day continues to play catch up.
TRV continues to flag nicely under the blue sky breakout level with higher lows forming, its only a matter of time.