ABNB AVWAP analysis

٣٠ يونيو ٢٠٢٣

Bullish observations:

• The cyan line, the AVWAP from the recent ~$145 high candle was overtaken and now trending up
  
• The pink line, the AVWAP from the all time high has been acting as support for ~10 days now
  
• Possible cup and handle pattern forming?
  

Outlook:

• Resistance at ~$139 is the AVWAP from the IPO and intersects with some of the dips in '21 and '22, and the previous high from this year.
  
• If it breaks through $139 could be clear sailing to ~$175