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!
0A8C trade ideas
$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
$ABNB could go either way,but leaning to the bull sideNASDAQ:ABNB I has been consolidating in a large range from around 174-214. It tapped the 173.50 support a couple of times last week and may be looking to reverse and head back up to to the upper end of the channel. The confirmation would be the hold of the support while also breaking through the trend line(green), this would also serve as your safe entry. First price target around 186.50, second 198 and ultimate around 210. If looking at options, if the break happens this week, you could play the 190C weekly if you are risky. Or the safer bet is the 190C or 200C for 4/16.
A bear case would have the price failing to hold support at 173.50 and continue to fall and hold trend, with targets to the down side of 162.40 and 145.50
Next few days are crucial for AIRBNB!We are going to be testing the upper resistance line of the falling wedge soon.
If we break the upper resistance line and stay above the 50d MA then it's bullish.
If we get rejected at the upper resistance line, and cross below the 50d MA, then we are probably going to stay within the falling wedge for a bit longer
AIRBNB IdeaG'day guys
Here some AIRBNB price movement projection. For those commenting either positive / negative i really appreciate you guys comment. This projection based on technical analysis and reading of current economic situations.
AIRBNB might another sector that huge effected during pandemic, that the reason the market share drop up. Yeah let's see what happen next with this pair.
Hopefully, everyone effected recovering soon.
Cheers.
ABNB Stock 16/03/21 Analysis 4H ChartNASDAQ:ABNB
- Trend Analysis -
📑Value: 6/20
📈Growth: 16/20
💰Profitability: 16/20
🚀Momentum: 14/20
💸Earnings: 8/20
🖇️Total Score: 60/100
Data:
Volume 3.94M
Average Volume (3 months) 7.24M
Previous Close $209.99
Open $209.76
Shares Outstanding 120.78M
Technicals:
( Simple Moving Average )
10D SMA $189.26 (+6.09%)
50D SMA $183.93 (+9.17%)
200D SMA $56.66 (+254.39%)
Market Cap $123.89B
Total Debt $2.33B
Cash $6.39B
Enterprise Value $119.82B
Revenue $3.38B
Gross Profit $2.50B
Net Income -
EPS Diluted -$16.12
Free Cash Flow / Share -$2.35
ABNB channel tradePushed back above its 20 day MA and channel today with the strong market.
Unless another corrections happens soon I think this will be the last dip below 200$..
Looking ahead with the country reopening and traveling more I can only see this stock going up
Yellow line - Support/stoploss
Greenline- Targets
Redline - Channel split/Resistance
ABNB watch it for a trade tomorrow, relatively weak todayA break of 180 is definitely bearish. I am looking for another move lower with markets in the next week or two. I have this stock on my watch list because it should make for a nice day trade.
Based on price action, you could take swing puts now with an exit over 185. You could wait for a stronger signal, which would be a break of 180. Or if price goes higher then tomorrow you can look for price to be over 185-186. See the daily chart also for context.