ABNB ShortCramer says it's a buy!
Rising Wedgeish, if this breaks down. It'll hit 105. Maybe 100 to fill that gap.
ABNB trade ideas
ABNB hot air? Airbnb
Short Term
We look to Sell at 118.71 (stop at 125.98)
Preferred trade is to sell into rallies. Selling continued from the 78.6% pullback level of 117.21. The medium term bias remains bearish. Trading has been mixed and volatile.
Our profit targets will be 102.40 and 100.10
Resistance: 119.00 / 124.00 / 136.50
Support: 100.00 / 91.01 / 87.00
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$abnbHave to revise my immediately bearish view on airbnb with leading diagonal count ..so a PB and more up ,, big trend line resistance 146 ...not shown on this image
Bear flag complete followed by bearish pennantThe chart speaks for itself. This is back to back bearish patterns forming.
ABNB Short Term Breakout?After ER crush, ABNB rebounded to pre-ER price within 2 trading sessions. In my prior post, I notified a triangle consolidation that led to a big breakout. My bearish macro bias led me to believe the consolidation would lead to a breakdown. I was wrong.
There are monkeypox outbreak FUD shuffled with various negative macroeconomic news making rounds in the media. Without paying attention to the news cycle and judging by this chart alone, it appears a breakout is forming (in sympathy with EXPE's equally great ER). I do not see any resistance to $125-ish. I currently hold shares only and may try to catch some % of the upside tomorrow 8/5/2022 with calls. My outlook is bullish very short-term.
AIRBNB - BULLISH SCENARIO AIRBNB reported on Tuesday the earnings report. The results were more than satisfactory.
The EPS forecast was beaten by more than 25%. The forecast was for 0.4467 and the actual 0.56
Also, ABNB announced a 2 billion stock buyback
From a technical perspective, the price is at the major resistance level. The price is expected to get back into the price channel with 1st resistance located at 0.618 Fibonacci or $133-$134
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Ive been watching thisI didnt have the guts to pull the trigger on this yet ahead of ER. Now that AAPL and AMZN are out of the way its something I want to try and lotto before ER. I think this should have a pretty sizable move from here. Er's are a coin flip but the way the market has been treating bad ER's seems like expectations are so low that things are priced in, at least for now. Tomorrow may be good for a Friday scalp. Bulls will want to push this above last week's high and close above it. Market can get extended on this next push so use caution. But if you can scalp the move tomorrow, if/when it happens, then you will be able to pay for next week's calls as a lotto. At least, that's what I am going to try and do. Its risky for sure because the sector ABNB is in more exposed to inflation, wars, COVID but I think if you execute correctly it could be a nice trade setup.
ABNB Long -- short term long -- expecting pull back later Current chart target uptrend towards $125 -- expecting a pull back for consolidation. A lot of pressure at $131-133 area. Could take a long time to accumulate force to break through $133.
Follow upTraded the intraday cup and handle, hit 1.618 target. ER is on 08/02 so if you are following you have a great entry to swing if you want
ABNB reversing?I like the company overall.
And it just hit an all time low. I already own a lot of shares, so i am interested in averaging my position.
I have 2 different strategies or entries.
1- Above 98
2- At 87.60 (lows)
Ideally we should wait for a break of the trendline.
But it is looking like we just made a new lower high, so it could be reversing already
ABNB - Inverted H&S recovery Left Shoulder of this Inverse H&S has formed along middle downtrend
The Head has formed along the bottom downtrend
The right shoulder is yet to form, but I have plotted what the potential movement will look like with a double curve
ABNB bounce coming?Airbnb could bounce here, in time for the Q (one of their first profitable quarter).
ABNB death crossABNB death cross on the 30 mins chart. 103 is ATL, once it breaks it there is no bottom nor support. On the flow side, I see a lot of sell 125c 7/15. I need to validate it on Monday. So far flow is bearish
Abnb We finally lost support of this wedge. If we pop back to 123.77 this may be a great place for a short upon rejection. We have to see a rejection of this level for it to confirm it’s breaking and flipping to reistance. With a downside target of 115 if this plays out. Any pushes above 124.80 and holds cpuld invalidate this as that’s the rising wedge upper reistance
Abnb Although making bullish moves up reclaiming previous reistance a as new support we are still in this rising wedge. I keep expecting it to lose support of it but it just keeps
Holding within it. We can contiue making higher highs and higher lows as long as we stay in here. I’d still keep in mind as long as we don’t lose 121.30 area this can contiue to climb in here
Abnb Is abnb finally breaking this uptrend support here? If we can’t see price reclaim 122 this may give the next signal move for abnb. With the large wick this morning although bought up pretty clearly we got ANoThEr clear rejection on that 123.80 level. If we do get this breakdown and just hang sideways we may have to reevaluate this pattern.
AbnbStill respecting this rising wedge with potential of inverse head and shoulders. For me holding 122$ as new support could setup as a bullish look but we do need to carefully watch this rising wedge as if we break and confirm as resiatnce this could drop fast. Howver hplding 122 and ultimately holding 123 would be a huge huge bullish look potentially. I am not certain this wedge won’t breakdown so trade cautiously
Abnb Uptrend support has held. We are flipping green on the hourly. On 4 hour we have ichumchi cloud converging blue and red line. Bull line was reistance and we rejected off it multiple times on the downtrend. Currently the 4 hour recent drop tapped it perfectly to a T and we are slowly rolling up. Daily is showing an inverse head and shoulders 123) neckline. While a rising wedge is in veiw we haven’t broken it and are holding this support. Which would mean if we can clear and confirm 123 as support this can get bullish AF at least to 131$ area
Abnb So this rising wedge we have been tracking did find so far a wick on hourly perfectly to the support around 117.75. If we can contiue to hold we could see another push up towards 123 reistance. If we pop that area then the rising wedge next peak rising resitance is around 123.80. We could do puts around that peak area but if we flip 123 as support and go sideways that may allow for a new pattern to form. But usually these rising wedges breakdown Howver I can also see a large inverse head and shoulders as well. So to me this all relys on this neckline of 123$ as a HUgE area
AbnbWe got the push but stopped a bit shy of my expectations. Def a big big resiatnce. This could be that reistance here if that rising wedge. The support of it is roughly 116.50 if we see a rejection here in coming hours Be cautious
Abnb So far my rising wedge idea bounce at the expected support. We are up against previous crazy reistance of 121.34. If we could clear and confirm as support. A few hourly candles we could see a push up towards my rising wedge idea resiatnce which as of now is 123.50s if we do see that breakout that’ll be a key area to watch closely if we contiue to reject here around 121.34 then this could roll over very hard and would have to reevaluate this trend
