$ABNB flags new “Go” trend as it targets prior high

$ABNB flags new “Go” trend as it targets prior high


May 2023


Alex Cole

$ABNB has entered a new “Go” trend with a strong blue bar.

After the high hit in February, price has largely struggled, moving lower and into a “NoGo” correction after GoNoGo Oscillator broke below the zero line out of a Max GoNoGo Squeeze in early March.  During April, GoNoGo Oscillator rallied to test the zero line from below several times before breaking into positive territory at the beginning of May.  The oscillator has quickly retested that level and found support, confirming the move to a “Go” trend in the price panel above.  With Momentum on the side of the new “Go” trend, we will look for price to challenge the prior high of $145.