Airbnb (ABNB) | Breakout, Confirmed With July Close!Hi,
Again, buy the strength, and this time - Airbnb (ABNB)
Started in 2008, Airbnb is the world's largest online alternative accommodation travel agency, also offering booking services for boutique hotels and experiences. Airbnb's platform offered 6.7 million active accommodation listings as of March 31, 2023. Listings from the company's over 4 million hosts are spread over almost every country in the world. In the fourth quarter of 2022, 47% of revenue was from the North American region.
Airbnb has managed to push above strong areas which is confirmed by July close. A monthly close is the best confirmation on that occasion and currently, the price of ABNB has already started to retest the breakout area.
Basically, $125 to $145 was the area that played an important role in the previous price action - it has worked as a support level, and after the break below it has acted as a resistance level. In the short history of date, we can say that this area is the key zone for Airbnb and the price is finally above it which allows calling that technically it would be a good place to buy.
The monthly close was also above the mid-round number of $150 which is a minor win but we will take it and definitely adds a bit of strength to the retest area.
* Considering technical analysis then the optimal buying zone should stay between $125 to $142
* Target updates going to the chat room!
Good luck!
