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Lodging Leader Setting up Bullish Flag Pattern

by | Apr 26, 2024

Airbnb (ABNB) shares are holding up well this week after the low made in the market last Friday has produced a solid bounce and ABNB reclaimed its monthly value area on Thursday with the bull hammer reversal and now seeing bullish MACD cross with the 8/21 EMA bull cross pointing to a likely push back up to the value highs near 168 as a short-term target. The stock does not report earnings for a few weeks so if the market stays above recent lows can see ABNB rally stronger to the upside possible. ABNB sees a lot of mixed flow lately but still has 1200 Jan $175 calls in open interest from the 4/2 buyer at $18.70.

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