ABNB is bouncing off of the 10 EMA and 100 SMA nicely with long wicks (semi-highwave candle). Just had a double bottom after some ranging consolidation and breaking the upper trendline. ABNB appears ready to break higher. Watch out for resistance levels around 164 and 172. These would be great spots to consider setting up weekly collars if we get there.
I will be doing 50% of my trade with the Aggressive Stop and 50% with the safer stop.
Disclaimers: I am bullish long-term on ABNB so any chance I have to trade it long I will. While this is a trade I will be placing myself I am in no way advising you to copy my setup. You must make your own decisions as you will bear the risks associated with any trades you place. To sum it up, trading is risky and do so at your own risk.
@sergiofcr, Yeah, there is a lot of resistance around the 170 to 175 level and again between 177 and 187. I personally will be using weekly collars on this trade for trade management. My current collar for this week is 10 SEP 21 $170/$157.50 for $0.35 credit:
Sold to Open the 10 SEP 21 $170 Call
Bought to Open the 10 SEP 21 $157.50 Put
Next week if the trade closes between that collar I will bump it up again.