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
6Z1 trade ideas
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
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
Abnb Could be finding a bottom here short term. This is my idea for abnb over ccominf weeks. If this stands tru we could see price coming up towards that 131 resitance. It could fall short depending how it gets respected within the potential rising wedge in forseeinf gettinf respected. I would do calls for 125$ and until we broke this potential wedge we can expect price to contiue making higher highs from here
15 Stocks To Buy For The ReboundOK I published this a few days ago and had my dick slapped by Trading View (TV) because I attached a link from where I got these stocks pics, so that you know this is NOT my idea. Just trying to be honest and open. But to hell with it let just get this going the way TV wants me to.
After hours... Days, weeks of research and diving in deep into P-and-Ls of each of these companies talking with the CFO and CEO of all these companies spoke with the line workers and found future customer and conducted deep dive interviews thus came up with these pics for you all comment on.
Reaction
ABNBHello everyone, this is my analysis from reading fundamental analysis with technical analysis as well. I also find that there is a price action trying to bounce back to the support area (147.67 : 152.29 ), but the stock is also in some way related to the price of airline tickets which is highly dependent on tourist trips ( price hikes) on the one hand and the tensions on the other, geopolitics
So I find that the stock is trying to reach the next levels
1123.54
128/88
131.02
137.44
Head and Shoulders/Symmetrical TrianglePrice has broken to the downside of the symmetrical triangle. There is also a Head and Shoulders top.
A prior triple bottom failed to provide support.
Short entry 119.65 with a downtrend.
A head and shoulders top is not valid until the neckline is broken with a downtrend. The neckline was broken some time ago, yet ABNB experienced swings to the upside but was unable to to surpass the prior high of 212.58, which is the head of the head and shoulders pattern.
The head and shoulders pattern begins with price in an uptrend and forming the peak called the 1st shoulder. Price retraces and form a even higher peak which is known as the head. Price retraces once again and forms the 2nd shoulder which can not surpass the head. The neckline can be drawn at the 1st shoulder retracement (pull back), but some may have different rules. We are all different. The neckline is strong support until it is broken, and then it becomes a level of resistance. The Head and Shoulder pattern is a reversal pattern and there must be a prior uptrend to reverse.
Some would measure the distance from the head to the neckline, then project that down from the neckline, which would constitute a 100% fall. Price can fall less or more than this and it is a guesstimate of where price may go.
A symmetrical Triangle is a common pattern and is comprised of two trendlines . One trendline slants up and one slants down. The trendlines converge and create a "price vacuum" and price is squeezed one way or the other. This pattern is neutral until a trendline is broken with a trend in that direction. Rules vary for this pattern, but I measure the wide end of the triangle and project it downward from the top trendline or upward from the bottom trendline at the point of the break of a trendline. Before the break of a trendline, the top trendline is resistance, and the bottom is support.
There was a bearish crossover of the 4 moving averages on this chart at about the same time price broke down from the triangle.
Price is oversold as demonstrated by RSI of 30 or less. Price can remain oversold for extended periods of time and if you buy a security based solely on oversold status, you will lose money.
Price is below the all time low which is the IPO price. I become a bit nervous in this region as there is no old support to catch price. ABNB will need to form new support levels.
Targets are in orange type below price. The larger type being target 1, target 2 is smaller and target 3 is even smaller and would be valid only if price passes target 1. There are no guarantees in life and any pattern can fail.
No recommendation