ABNB Large Base Formation We're witnessing some relatively volatile price action after ABNB reported solid Q3 earnings. I believe ABNB is a disruptive play on innovation that everyone should hold in their LT portfolio, with accelerating EPS and increasing market share within the hospitality industry.
Technically speaking, the price action for ABNB keeps returning to its broad base on the daily timeframe and bouncing every time. I like watching this base for solid entry points/DCA on my position.
Just my personal opinion, not investment advice.
6Z1 trade ideas
Falling Wedge- Bullish - UpdateABNB starting to catch my eye here- Big falling wedge on the hourly, 2-hour, 4-hour, and daily timeframes in addition to sitting right on its 200-Day EMA. Bullish and will be looking for a breakout from this wedge (Broader Markets Permitting) - Just some support and resistance levels along with some RSI-based supply and demand zones to keep an eye on the meantime- Previous Charts Attached Below
- Bullish Cypher formed on the hourly timeframe (See Attached Chart Below)
- Sitting right on the 200-day EMA
- EMA's converging & starting to curl upwards
- Bullish Falling Wedge
- MACD cross
- Slight bullish hidden divergence on the RSI (Not Pictured)
PT1- $173.21
PT2- $174.46
PT3- $175.11
PT4- $180.64
--ABNB Hourly--
--Previously Charted--
Airbnb is ready for a longThis stock has been beaten up lately but, it looks like it is ready to climb out of it now. It has more cash than debt which is one healthy sign for the company. Earnings was better than expected. The price ranges from $140 - $250 with ~$200 in the middle as a target. I'm thinking I'm going to aim for $198 as my first target and then to $244 for my last target. I plan to hold some for years to come also because of this being a great, innovative company.
nice setup here!nice bounce off our local support zone on abnb, look for it to rally alongside the bottom trendline support, If it dips to that support thats a great risk reward entry.
I dont expect a break past all time high once we hit extreme resistance, so dont forget to secure gains once we approach that area.
goodluck! like and follow for more 💘
retest resistance turned support for a 2nd day runnerbest risk is to enter ~177.4, yesterday's (12/6) closing VWAP & retest of recent breakout above resistance on hourly chart since Nov 22
lots of weekly call volume today, +8% today on news. other travel stocks up big today as well
since i'll be looking for it to be a 2nd day runner, my exit will be under vwap on low volume. will watch tape
plan voided if gap up in pre-market, or open below entry.
if open >182, i'll look for a quick scalp +182.1 with little risk
ABNB - WAS the OMICRON slide an overreaction?Price testing the 0.618 FIB level from the last impulse run-up.
Potential double bottom on the 1 hr is evident,
Price may go a little lower to test the Bigger picture double bottom neckline.
Retracement leg has 5 Eliotte waves evident,
Looking for price action to consolidate in the yellow box and provide an entry long trigger.
Fundamental and sentiment:
Price action may be sensitive to headlines about Omicron and general global COVID restrictions.
Airbnb (ABNB) Christmas sales!The 2021 Christmas sales continue ...
Fear of the new Omicron variant, inflation, tapering ... it seems that everything goes against the Christmas rally in this troubled 2021.
What is the reaction of a rational and cold investor? The answer is one and only one, buy, as far as I'm concerned.
I take for example Airbnb (ABNB), a company on which, whoever follows me knows, I believe blindly. I added stocks when the price hit the $ 166 level on December 1, significantly increasing the percentage in my portfolio.
Should the price continue to fall, I will accumulate again at 149.50, POC from the price of a year ago.
The mindset is always the same, to buy on important volumetric levels when the market "offers" discounts.
The time horizon is obviously important, my analyzes are always aimed at analyzing the merchant in the medium-long or very long term.
In this specific case, very long term, because I want to stay in Airbnb for a long time.
For those who are looking for a target in the short, medium term, the targets are the following:
- 175.50 first take profit
- 185 important volumetric level where sellers have taken over recently
- 210 close to the November highs
In the hope that the Omicron variant will not prove aggressive and that the vaccines continue to work, for my part I wish you a happy Sunday and we hope that the market gives us a small rally ...
Happy trading
Lazy Bull
DISCLAIMER: I am not a financial advisor nor a CPA. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
ABNB 4H - BullishOversold RSI, MACD slowly approaching trend reversal signal, the price currently testing resistance, and green bullish candles. Will we see the breaking of resistance in the near future?
Here's how I would trade ABNB 4H:
Enter a long position - if a valid break of current resistance occurs.
Take profit ideas:
TG1 - 189$
TG2 - 197$
TG3 - 203$
TG4 - 208$
TG5 - 216$
TG6 - 224$
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I keep it simple and clean!
Likes, comments, and follows are dearly appreciated.
Let me know what you think and which ones you would like for me to analyze next.
Trade safely!
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About Airbnb:
"Airbnb, Inc., together with its subsidiaries, operates a platform for stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms and luxury villas. The company was formerly known as AirBed & Breakfast, Inc. and changed its name to Airbnb, Inc. in November 2010. Airbnb, Inc. was founded in 2007 and is headquartered in San Francisco, California."
Source: Yahoo Finance
ABNB short term FUDABNB had a sell off without a valid reason. The market overreacted to COVID cases spiking but that will be forgotten about shortly. ABNB retraced to the .618 which held up perfectly despite the ridiculous $14 drop at the open Friday. I'm sure market makers had nothing to do with that, they would never purposely manipulate price making tons of options expire OTM lol.
Volume almost 10X'd in the last hour Friday. I expect a quick rebound to $205. Looking at 12/3 ATM calls. Blue EMA cloud is also acting as support on the 4 HR time frame.