A $348 million dark pool trade in Airbnb created a sandwich consolidation pattern after earnings. The stock is bullish above $165.51 with targets at $166, $171, and $175, but bearish below $163.50.
Chapters
Okay, so this one blew up. Look at this, it's fantastic. These are the largest trades in the last couple months as well, and you can see that this has just been a sandwich consolidation. Why on earth was this going sideways? Well, this is where the institutions were making their positions known. So you see the high, which is the print, holding the print, high, which is the print, back to test this lower print, high, which is the print, and then we're holding these upper prints here as well. So it looks like potentially they got into the position that they wanted to. Now we're up to $14 with an ATR of $4. So we're already up 3.5 times the ATR for the day. So we're going to be bullish above $165.51 right here. Target $166, $167.50, $171, $171.55, and then if this continues, $172.50 and then $175 on the upside. Okay, bears below $163.50. Let's get below here. You can see this low. Target $162, $161.47 is our 360, $159, $158, and we've got 156.78 is a CAM right here, and 156.43 is R2. This is a 200 exponential moving average as well.