ABNB- BULLISH SCENARIOAirbnb stock has intrigued investors in growth stocks since its Nasdaq debut in December 2020. From its initial public offering price of $68 per share, ABNB stock soared as much as 223%, hitting an all-time high of 219.94. Since then, the share price has tumbled about 52%.
Last week we witnessed a breakout of the major resistance level which triggered new buys and a bullish impulse to the $ 130 resistance.
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0A8C trade ideas
$ABNB Bullish Dragon / CypherAnother common pattern ive been seeing across the market is the Bullish dragon with the lower low on C which would give me the impression that we could see a 786 return. In the case of a double bottom, we would look for a target a bit higher at the 2.0 extension around the 886, which would end up being a Bearish Shark, rather than the cypher here.
Falling WedgePrice appears to have broken up from a rising wedge which can be a bullish chart pattern. Falling wedges are usually found after a deep pull back or at the bottom.
The structure slopes down with the trend and the lines narrow at the apex.
Cup is forming. I do not see a handle.
ATL 81.91 ATH 219.94.
No recommendation.
RSI is at 76.97 and is set on 80 versus 70.
Airbnb, can you double you money? Massive double topsPrice has been falling since November 2021, no signs of turning back up, and massive bearish patterns on all timeframes. Most likely to keep falling along the descending channel. TP $50 (why not?). SP outside the channel and wide. I'll hold this one 3 or 4 months.
Airbnb Inc Fib Triangle Airbnb is in a long-term triangular formation where market will correct itself continuously, a strugle of bulls and bears and shaping patterns.
Buying: inside cold colors hitting Fib lines and at breakout from top downward line.
Selling: inside hot colors touching Fib lines and once price is breaking below bottom support line.
Personally, I'm bullish on this one, without thinking about selling.
AIRBNB - BULLISH SCENARIOAlthough the company's growth rate has been slowing down in recent quarters,
Airbnb`s business fundamentals remain solid.
For the period ending Sept. 30, 2022, Airbnb's sales totaled $2.9 billion and rose roughly 29% year over year.
Also, the company reported $7.5 billion of cash and cash equivalents at the end of the quarter
The first resistance is located at $ 98.
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AITBNB - Possible Long OpportunityABNB is showing signs of strength still to be confirmed if the stock breaks above the resistance line.
Divergence in RSI, OBV in both daily and weekly charts.
entry could be possible at this level with stop loss around 85-87.
Free Cash Flow around $1B.
*Not financial advice, do your own research and let me know what you think.
Thanks,
Sam
ABNB ShortLooking to take ABNB for a 2-1-2 continuation on the daily to the downside. This already lines up nicely in FTFC with the weekly and monthly for the short play already. Although it is a one and can break to the upside I'm not neutral on it because of FTFC this late into the month and middle of week.
Airbnb, Inc. Potential Corrective Move AheadLooks like Airbnb, Inc. (ABNB) can easily print a bullish move.
We have higher lows since late June.
It can just as easy go down if it breaks below the early November low.
Likely to go higher though since December is coming/holidays and people travel and rent a lot.
The immediate resistance is set at 99.9.
The easy target is 111.11
The potential target range for a bigger upward correction is the 123 to 130 range.
Some mixed signals but we lean LONG.
Namaste.
AirBnB in short positionWhat we can see in the chart is a double top formation.
The price broke already below the neckline, however the target has not been reached yet.
The price bounced back up and is getting rejected from the previous support.
Therefore we are expecting the price to continue the downtrend and reach the target from the double top formation.
$ABNB (Airbnb): Price Action & Technical Analysis"I thought of them (the stocks he bought) as something belonging to me, like members of my family. (...) This state of mind lasted until I realized that my pet stocks were causing me my heaviest losses."
Nicholas Darvas
Perhaps back in Darvas's days this phenomenon had no name, nowadays there are some badass social-economic scientists calling it "endowment effect". That's a key human bias.
Among other effects, it entails that what you lose hurts more than the pleasure you get when you win. Or put differently, you're naturally built to reluctantly give away that which is already yours.
This human bias, in specific, is what causes you to hold on so dearly to the stocks you own. It is what causes you to hold onto even the stocks that are smashing your P&L. Why? Because once you sell them, you will officially be recording a loss ... and losses are just so painful, right? I'm sure you know what I'm talking about.
This heuristic and it's repercussion in trading leads me to an important point I keep on underlining:
Trading is not hard because you need to command technical analysis’ concepts and all sorts of patterns. That's the basic and easy part. Trading is hard because as human beings, we are hardwired with dozens of these heuristics. You will only make money once you start being able to acknowledge their existence and learn how not to fall prey to them.
In other words, profitable trading implies deeply counter-intuitive behavior.
Do you have what it takes to act against your nature?
On the easy-part-of-trading section, today I brought you $ABNB - Airbnb.
Link in bio for in depth analysis.