ABNB trade ideas
AirbnbWe've gone up from 120.00, I think we're due a short term retracement before going higher.
There are two patterns here;
- Ascending wedge
- Horizontal channel
Also the most recent thin candlesticks suggest selling pressure into the 180.00 range.
The next good ranges for accumulation could be:
- 160.00
- 140.00
- 120.00
DYOR!
James.
ABNB threatening to breakoutWatching ABNB close to ATHs here. Would like to see a couple of inside bars then a break higher. Stock has a wide range so plan you risk carefully.
I like it long within and above the box. Less interested below the box.. Needs to hold the 786/886.
$ABNB | Bullish Wedge Breakout & Bull FlagGreat long opportunity on $ABNB.
Targeting $155 -> $160
Good luck!
ABNB - watch the hourly chart, and be ready for a great tradeA recent IPO stock, ABNB got off to a high-flying start. However after dropping from the 170's, price could be in a bear flag. On 8 Jan you see a big red candle (white arrow) followed by consolidation.
That drop caused RSI to test 50, and at the end of the week there was another dip and bounce at the 50 line. Look for one of two trade triggers here. If ABNB trades over the high of Friday's last green candle, then trade calls/long as a RSI double bounce off 50 line usually leads to a strong move up. Better yet, set an alert for ABNB to trade over the high of the big red candle or below its low. The latter would result in a puts/short trade and RSI drops below 50.
You can look for day trade opportunities, and this coming move should make for a nice swing trade. While price should head back to 170 or 125 (green and red lines), I am expecting a move to 200 or 100. I do have a bias towards puts, but I will stay patient and wait for the chart to speak to me.
abnb has entered a downward channel and printing bearish candleslook for an entry around 126, if the move continues down enter at 88
$ABNB AirBNB potential projection$abnb
AirBnb retracing from its highs and POTENTIALLY finding a new trend.
Also some attention grabbing repeat buying of 1/29/21 $200 calls on the option flow today.
ABNB Round UpABNB has just remounted over its moving averages and posted a higher low while doing so. This is starting to form a rounding formation back to the highs around the 163-170 range. An elliot wave formation is also forming, so a longer term all time high may be posted. I set target to where resistance is, because more than likely there will be a pullback and a better spot for reentry to capture the elliot pattern to an all time high.
Game Plan #stocksAirbnb has a near term range from about 151 to 143. That area is resistance for now but if we can get a close above 151 there could be larger reversal play to the upside. For now we remain patient. So far there has been no trend. The next area of interest would be the lows near 121.
Point of critical Level for ABNB ABNB is around their opening IPO price, approaching point of convergence in a descending triangle formation. Can be played in either direction with a confirmation from price action levels.
ABNB over 149.00Some nice confluence here, 149.00 resistance set by price action slightly above the VPOC and .5 fib. Look for continuation over 150.00 psych level and daily close within the emerging channel.
AIRBNB Simple Analysis- No big volume shown
- Fibo retracement at 0.618/0.5
- Potential to go 195$ if there's smart money
ABNB Bullish: $180 soon?NASDAQ:ABNB seems to be bullish.
Vaccines are starting to be distributed around the world. Will 2021 be the year of the travel industry?
Your comments are welcome.
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Legal disclaimer: I am not a financial advisor. The advice here given is not a financial advice even though my excitement might make it look like such. This account shouldn't be followed by anyone expecting something from me. You trade at your own risk and nobody can guarantee you results. Even if someone could, I don't.
My Christmas Present to You! $ABNB AIRBNBAs Airbnb comes to $151.1 and teases us with a breakout, I think it's important to watch these next days of price action.
We've broken out from $151.1, looking for a small bounce than a nice correction back to $151.1 to hold as support...
Merry Christmas & Happy New Year!
BUY & HOLD LONG
DCJ
