0A8C trade ideas
ABNB - Cup And HandleABNB has had a long run to the downside primarily due to global economical reasons, and now seems to have a great run to the upside.
We can see that the chart has formed a Cup and Handle-pattern, and is now trying to retest its high of the handle.
We will wait for a breakout of the handle, to take our position with the expectation of a return of 26%.
More details are shown on the chart.
Abnb I’ve been patiently waiting for ABNb I may miss it but I will contiue to wait for 120.85 as my first buy. And if that breaks and closes a daily below theb I will have to relook at my idea overall. The next supports velow 120-121 is 115 and 108. So I don’t want to risk 5$ on this idea. I will watch closely as we get to this price. Does this mean the market has further to go if this is going to go down another 5$ that is still possible.
If we are going to bounce in the overal market then this 125.-124 level could make sence also so this is in a range to start to pay attention. If we can bounce we need to watch 130$ and 134. Use risk management if you start adding to abnb in this area for 125 Becuase there could be lower to go. I’d Stoploss below 123.50. If stopped out I’d expect 121-120 as next leg down.
I know this is xonfusing but it’s hard to call an exact bottom so overall my range is 120-125 as an averaging in area for long swings
AbnbWe had a nasty run I’m not calling tops at all in this market but I do know I’m also not buying rips !!! I’d love to see abnb coming back to 124 and stabilizing as support. If this happens we wait for that momentum push after considlation and we buy the shit out of it. Till then let it run, be ok with it if you missed it as I did, and it’ll come to you just be patient !!
ABNB updateWe could be looking at 120$ retest, could be seeing an good drop here back to 80-100$ area. In my previous ideas I talked about how ABNB will have it's downfall by the end of 2023, it'll high likely still happen as the current pumping is likely because of good news for the market but it's not long term good.
ABNB Airbnb Options Ahead of EarningsAfter my price target was reached:
If you too have an Airbnb I think you noticed how your bookings declined YoY.
That will be reflected in the company`s earnings as well.
Now looking at the ABNB Airbnb options chain ahead of earnings , I would buy the $105 strike price Puts with
2023-7-21 expiration date for about
$11.15 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
The longer timeframe allows me more flexibility in case of a small rally after the CPI report.
Looking forward to read your opinion about it.