$abnb Good Company, That Fell Short With corona and real estate troubles. This service orientated stock is looking to curl with consumers as market and economy seems to be opening up. Airlines , Service, and Hospitality is looking to rebound run coming off a weak last year on fire with a HOT summer and fall. I am LONG !
0A8C trade ideas
$ABNB Consolidation or breakdown?ABNB was hit hard this month but might start seeing some recovery in the coming weeks. Big dark pool prints came in last week along with bullish calls. Whether it's a momentum play or something larger we'll see soon. The purple lines indicate strong support and resistance levels. RSI looks like it wants to sell off a bit more before any recovery happens. So far it's trading in a tight range close to resistance 137.81. If broken, 144 can trade. The only reason why I am still neutral is the impulse move down that appears to want to culminate near all time lows. If we don't trade lower, then wave 5 was neat the 1.618 and we are starting a corrective wave.
$ABNB$ABNB
$143 -146.5 area of interest #1 need a break above and solid candle formation to enter the trade
$162 - 164.5 area of interest #2 area where i believe prices can be rejected, as support turns into resistance, vice versa
don't think it'll break above AOI #2 but if it does i think those trend lines downward might be the areas where price will get rejected, we're still above ATL so we have room to come down more
$ABNB Awakening. Surge in Money flow and volume detectedMy understanding of this ticker is that it is moving because of large booking numbers that were revealed on the earnings call. This has resulted in a large amount of volume and money moving into the stock (See the OBV and the CMF listed above). This is showing early signs that the ticker may be "making a come back". My estimate on this trade is that it will complete by June 10th. I would look for this running up to the 150-160$ range and 160+ if it goes parabolic.
Trade at your own risk. This is early on in the movement so things can change. Best of luck.
ABNB SetupAfter yesterdays earnings call
1. Revenue increased 5% YOY
2. Loss per share almost doubled from expected
3. 50% user increase
4. Banks lowered price target signaling accumulation phase
Business model is great with a visionary ceo. COVID has changed forever how home ownership will be. Airbnb is not only a short term stay but a long term rental platform.
AIRBNB - Great Company to Invest In!-All sectors are seeing newbies that are bringing innovative changes to the sector. The Hospitality industry hasn't seen any changes for decades until the new player in the game, AIRBNB. Airbnb has changed the sector from the cores, the landlords. You don't have to be a millionaire hotel owner to operate in the hospitality sector anymore! The simple homeowners are now their own Hotel owners.
-Travellers mostly miss the home environment while they are travelling, the welcoming environment that they leave behind. Airbnb has also eliminated that struggle as the hosts are sharing their warm homes full of history and travellers are staying in a more colourful environment that feels like home and more importantly, is more private.
-The total revenue growth from 2016 to 2019 was 80%, 54%, 42% and 31% respectively.
-Most importantly while searching for a place where to invest, one should follow the steps of the giants and analyze the places that they are investing heavily into. Bill Ackman, the big short gainer that made over $3 billion during the COVID-19 tried to get the big piece before Airbnb opened to the public. He offered the Airbnb funds and asked them to not pursue the IPO and instead accept him and his fund as the investment resource. However, Airbnb has declined the offer and continued filing for the IPO. The lesson to be taken from here and based on what Ackman says, Airbnb is believed to be the future of the Hospitality Sector, the player that will take over the many Hiltons and Marriots.
-Current price of the stock is pretty attractive, however, it can continue to bleed further due to the whole market situation and a potential upcoming market crash. For the value and growth investors, the current price should still be attractive while the short-term volatilities shouldn't mean much. Ideally, we see a perfect entry around 125-130.
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$ABNB - Perfect bull trap - Downside $137An example of a bull trap chart. Getting close to support.
Downside $137.
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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.
Airbnb testing its IPO valuationNASDAQ:ABNB
Today ABNB share price touched its IPO valuation. This is inlined with the behavioral pattern of many investors after an IPO investment. Nothing really has changed in terms of the business potential for managing the booking of accommodation of all kinds in approximately 100,000 cities in more than 220 countries and regions around the world.
Technically speaking, the stochastics oscillators and RSI indicate the shares have been oversold giving a clear upside potential considering that the shares prices already tested the $220 per share range in February 2021.
With Covid-19 pandemia under control, the Travel restrictions are to be easy when we are approaching the summer season in the northern hemisphere. This promise to be a good season for the leisure, travel, and accommodation business.