ABNB swing trade
I am entering into a swing trade with ABNB based on the following
Chart:
- Has support between 120 and 140.
- support from its early trading days
- Price beat down badly but I am seeing that people in North America are getting vaccinated and I am making a bet, that in the summer time, people will not be able to travel outside the country but will gather and B&B will get some good business back during the summer months.
This is a summer long swing trade. Stop loss at $120.
The dream would be to build up to 170 and sell at that point, unless it carries on going up, then holding to 200. I am in an options call trade for this equity that expires in October.
Chart:
- Has support between 120 and 140.
- support from its early trading days
- Price beat down badly but I am seeing that people in North America are getting vaccinated and I am making a bet, that in the summer time, people will not be able to travel outside the country but will gather and B&B will get some good business back during the summer months.
This is a summer long swing trade. Stop loss at $120.
The dream would be to build up to 170 and sell at that point, unless it carries on going up, then holding to 200. I am in an options call trade for this equity that expires in October.
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