ABNB - Good case $196, Best case $215, Bad case $160Good case $196, Best case $215, Bad case $160
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How to read my charts?
- Matching color trend lines shows the pattern. Sometimes a chart can have multiple patterns. Each pattern will have matching color trend lines.
- The yellow horizontal lines shows support and resistance areas.
- Fib lines also shows support and resistance areas.
- The dotted white lines shows price projection for breakout or breakdown target.
Disclaimer: Do your own DD. Not an investment advice.
6Z1 trade ideas
ABNB Descending Triangle NASDAQ:ABNB
ABNB Descending Triangle Bilateral pattern. Looking for a break of the downtrend daily channel its been for the last 5 weeks. possibly a reopening name & can possibly see a run up before earnings later in May. The monthly May options 190c or 195c is how i will trade this set up. One risk to be aware of is this name is sensitive to rates increasing causing growth stocks to show some relative weakness as we've seen in early march.
Today i went long the monthly may 195c & hedge the position by shorting the 190c expecting a lot of choppiness & premium decay due to EOM rebalancing tomorrow.
ABNB at a crossroadLooks like it can break up or down tomorrow. With low volume support and inflation concerns, I'm thinking it'll break down along with the rest of the market. Up to $181-182 and down somewhere between $161 -167. If it breaks down, I'll be looking for an opportunity to buy somewhere below $144.00.
ABNB LONGEntry 168-170
Target 200-250
This stock is in a channel so be careful at resistance where the trendline is... Right now is at the bottom of the channel so good time to buy and dollar cost average if possible.
Support has been holding at the 165-168 zone for 2 months give or take (every time it touches this area it bounces back)
top of the channel is $200 if that gets rejected... down we go again so do watch that level carefully!
This is a recently listed stock so theres not much data so keep that in mind if you are conservative !
Overall ABNB is good to hold long term, I personally will see how price action behaves at different resistances zones.
ABNB - Bullish Mornng StarSince peaking on 11 Feb this year, ABNB has been establishing a support zone between 162-170. Today it formed a mornng star pattern right in this support zone.
Expect an upswing next. Should trade goes our way, I would consider to scale out partially between 192-195 and ride the rest with trailing stops.
Disclaimer: This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance. Thank you. Feel free to give me your thoughts ! :)
Weekly Watchlist April 19-23Here are some breakout plays that I am considering this week. Not buy recs, just ones that have a lot of potential and could surge to new highs soon. I may post on some of these throughout the week if I see a really good setup. As you can probably tell from the title, I am planning on posting watchlists like this weekly, so like and follow for more :) Good Luck!
My Watchlist:
$ABNB
$F
$CVAC
$SQM
$VSTO
$NET
$NVAX
$PANW
$UPWK
$GE
ABNB IdeaG'day Guys. Hows going?
Today let's start with ABNB. This pair kinda effected a lot during pandemic. Let's hope their stocks build up once again.
From my perspective, this pair on the recovery structure. I don't read much about them but i analyst based on experience and human behavior
which is considering human behavior internally (Company itself) and externally (Consumer)
Let's what happen next on this pair. Cheers
$ABNB- Time to Sell or Time to Buy More?Option 1 (Orange):
$ABNB is forming a wedge formation and is likely to breakout soon, possibly past that $216 resistance level.
Option 2 (Red):
$ABNB has formed the bearish triple top pattern and is likely to fall further, possibly to that $140 zone, before turning to the upside.
Option 3 (Blue):
$ABNB is forming a new uptrend after seeing growth too steep to hold in the weeks following the IPO.
My Outlook:
I think that Airbnb has enormous potential as a company, especially as we climb back from this pandemic. The vaccines are out, and a huge number of Airbnbs and Vrbos have been booked for this summer. Personally, I would say option one is the most likely outcome, but I am also wary of that triple top formation. If it breaks that bottom support trendline this could potentially fall all the way to $140.
some ABNB upside left before pullback?making a higher low on the daily here on the last dip/bottom trendline dip entry. not looking for any crazy movement here but we can long 188 stop 175 and target 210-215 before a pullback back to trendline. remember what i always say though, recent IPOs are always higher risk because theres no chart history for traders to trade off of. goodluck!
$ABNB Inverse Head and Shoulders Pattern?I've been watching $ABNB and thought we might have had a Double Bottom pattern last week. However, it now looks like it's morphed into a "possible" Head and Shoulders pattern. All TBD. I will look for this to hold above to 50 day and if so, near the end of day I'll likely take about 1/4 position as it would not have confirmed a H&S pattern yet but I like early entries with defined risk which would be back below the 50 SMA... Idea, not investing / trading advice.
AIRBNB—-> experience bull waveAirbnb has shown triple bottom and currently sitting on support level. usually triple bottom are very strong and I believe Airbnb is ready to test its resistance which is around 210 level. I think that in coming days momentum will build up.
The best strategy here will be a put credit spread.
Idea for entertainment, not a trading advice