Wouldn't mind picking up some shares here for the long term hold. CHPT is deciding where to go and recently fell due to the secondary offering which closed yesterday, but CHPT and EVs are the future... especially when you have a US President like Biden who is pushing spending for building infrastructure and when climate change is really starting to take a toll...
Very short look at the chart so could be wrong, but there's definitely more bad than good about ABNB.
- High valuation
- possible head and shoulders pattern... watch the 131 level... if it breaks, short
- delta variant (???)
- recent-ish IPO, so volatile
- in a downtrend
- not a meme stock, which means there isn't even meme crowd support for it... but good...
Is SPY going to fall out of its ascending channel? We might see a dead cat bounce today, but factors remain uncertain about the Delta variant and how the government will respond. However, we are at the beginning of the earnings season which brings risk against going short SPY.
Los Angeles has started its mask mandate again this past weekend. 40% are unvaccinated...