More room for growth confirmation?

28 thg 1

I have been observing the price action on Airbnb for several weeks and a fan of the idea for several years. For some time I was viewing this equity as one that should fall in price rather then the uptrend it has been in since it hit a low of 114.13 month of Nov 2023. The consecutive green bullish momentum candles could point to a possibility of current price action breaking the previous highs of 154.95 month of July 2023, which it failed to do so. Falling from a high of 158.74 on May 2022 and have slightly rebounded up an down within that range for some time but as the possibility of interest rates being cut, the fundamentals being more in line for growth into the end of 2024, and start of 2025. The improvements made on the app to be more suitable for hosts and visitors of the app alike.

price had consolidated around the prices of 86.71 and 81.91 June and DEC 2022. Price has been hitting higher highs and higher lows for several weeks and may continue.