I often refer to the levels we map out on a stock’s chart as rungs on a ladder. These are the important prices for a stock that will either help it climb higher, or lower. They can offer us a bit of a road map on what prices to trade at, and more importantly, which direction to trade.
Our stock today has well-defined levels that help us identify our opportunities for high probability trades. Airbnb (ABNB) seems to be making its way down that proverbial ladder and has naturally caught our attention. As you can see by the video below, the stock is somewhat guiding us in what trade we should make.
Be sure to watch the video so you know all the levels my students and I are looking at for a possible trade in The Profit Machine, my options trading education community.
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