ABNB trade ideas
Head and Shoulders/Symmetrical TrianglePrice has broken to the downside of the symmetrical triangle. There is also a Head and Shoulders top.
A prior triple bottom failed to provide support.
Short entry 119.65 with a downtrend.
A head and shoulders top is not valid until the neckline is broken with a downtrend. The neckline was broken some time ago, yet ABNB experienced swings to the upside but was unable to to surpass the prior high of 212.58, which is the head of the head and shoulders pattern.
The head and shoulders pattern begins with price in an uptrend and forming the peak called the 1st shoulder. Price retraces and form a even higher peak which is known as the head. Price retraces once again and forms the 2nd shoulder which can not surpass the head. The neckline can be drawn at the 1st shoulder retracement (pull back), but some may have different rules. We are all different. The neckline is strong support until it is broken, and then it becomes a level of resistance. The Head and Shoulder pattern is a reversal pattern and there must be a prior uptrend to reverse.
Some would measure the distance from the head to the neckline, then project that down from the neckline, which would constitute a 100% fall. Price can fall less or more than this and it is a guesstimate of where price may go.
A symmetrical Triangle is a common pattern and is comprised of two trendlines . One trendline slants up and one slants down. The trendlines converge and create a "price vacuum" and price is squeezed one way or the other. This pattern is neutral until a trendline is broken with a trend in that direction. Rules vary for this pattern, but I measure the wide end of the triangle and project it downward from the top trendline or upward from the bottom trendline at the point of the break of a trendline. Before the break of a trendline, the top trendline is resistance, and the bottom is support.
There was a bearish crossover of the 4 moving averages on this chart at about the same time price broke down from the triangle.
Price is oversold as demonstrated by RSI of 30 or less. Price can remain oversold for extended periods of time and if you buy a security based solely on oversold status, you will lose money.
Price is below the all time low which is the IPO price. I become a bit nervous in this region as there is no old support to catch price. ABNB will need to form new support levels.
Targets are in orange type below price. The larger type being target 1, target 2 is smaller and target 3 is even smaller and would be valid only if price passes target 1. There are no guarantees in life and any pattern can fail.
No recommendation
Abnb Back to key support 130.65 area has held as critical support. If we can hold this level again that will be a monster buy zone. I’m contemplating buying this. If we started closing candle bodies below, then I may change my veiw but for now we have tested this support multiple times and bounced. It could def break support but for now it’s Logicla for it to hold up
ABNBAfter ER I expect a move to the downside pretty agressive towards previous lows at 120's-130's.
I'll buy in long term portfolio gladly at these levels.
ABNB Descending channelABNB is trading inside a descending channel.
Price is now testing the top and we might see an attempt to break in the next few sessions.
160 level has been extremely hard to break, it already tried twice and failed, causing a big sell.
This level now is likely to break if price makes another try.
Also, we can clearly see an ascending channel forming (red dotted), as long price is riding and forming this channel, we can see highs.
Levels to watch: 156.75 - 160 - 165.20 - 171.60
AirBnB breakout in the worksHello Friends!
AirBnB had a great earnings report and seems to be leading the way in travel. There might be a good trade in the works to break to the upside (wedge breakout) to it’s 1st resistance of $174.52. If it can hold above that level, I think it might have some steam to go after $189.41 and $204.96.
These days good news can flip to bad news overnight, trade with caution.
As always thanks for your follows, likes, and comments. Let’s learn and grow together. Cheers!
*This information and publication is not meant to be, and do not constitute, financial, investment, trading, or other types of advice. Do your own research.
ABNB Strong Earnings but Wrong ValuationABNB net loss was $18.8 million, or 3 cents a share, higher than the loss of 25 cents a share Wall Street analysts were expecting.
Revenue up 70% YoY to $1.51 billion vs $1.45 billion expected.
But i still don`t understand where that 94.879Bil market capitalization comes from.
Since its IPO the company wasn`t profitable and it is still valued at 95Bil. Pure growth speculation.
ABNB may not be able to achieve profitability in the upcoming years.
My speculative price target is lower than its IPO, at $95.
Looking forward to read your opinion about it.
Air Bnb USA Sun Storm Investment Trading Desk & NexGen Wealth Management Service Present's: SSITD & NexGen Portfolio of the Week Series
Focus: Worldwide
By Sun Storm Investment Research & NexGen Wealth Management Service
A Profit & Solutions Strategy & Research
Trading | Investment | Stocks | ETF | Mutual Funds | Crypto | Bonds | Options | Dividend | Futures |
USA | Canada | UK | Germany | France | Italy | Rest of Europe | Mexico | India
Disclaimer: Sun Storm Investment and NexGen are not registered financial advisors, so please do your own research before trading & investing anything. This is information is for only research purposes not for actual trading & investing decision.
#debadipb #profitsolutions
ABNB PRE EARNINGS LOOKHello,
Earnings very soon at market close. I can speculate a reversal or not much change because we are at the bottom of a trend but there are overwhelming bear signals all over the place. Also inside selling last week. Anything is possible.
ABNB- How can they guide higher? They cannot!Inflation has caused households to get squeezed on every front. Vacations are a luxury not a necessity. Consumer is tapped out! $6 a gallon gasoline here in CA. Inflation . Higher interest rates. Rising wages. Labor force shortages. Consumers being squeezed on every front. Something has to give! Same as GAP, NFLX and AMZN evidenced the consumer is cutting back. ABNB is not impervious to the headwinds of the entire economy, they are in the eye of the storm. I say they cannot guide higher. vacations will become fewer when households have to tighten their purse strings in the upcoming recession/ depression.
$ABNB to 127$ABNB should drop according to TA. Earning this week.
Waiting for my personal Fair Value to be hit ~ 128$
ABNB recovery play rejected by triangle & VWAPs; retest 130 low?Economy seems like stalling for a while more with rising inflation, consumer savings depleting & XLY discretionary falling. ABNB may soon see a retest of the 3x bottom @ 130 since it is forming a descending triangle.
Not trading advice
symmetrical triangleAirbnb I forming a symmetrical triangle on mh Weekly TF.
We wait until there's a breakout and possibly retest for a buy/sell signal
Airbnb Could Be Planning a Trip NorthLike millions of Americans, Airbnb has been cooped up for a long time. But now the room-sharing stock could be planning a trip north.
The first pattern on today’s chart is the 50-day simple moving average (SMA) climbing toward the 200-day SMA. At its current pace, a “golden cross” could take place within a week. That may suggest that the longer-term trend is turning positive. The 8-day exponential moving average (EMA) has also remained above the 21-day EMA for the last month.
Next is the downward-sloping trendline that’s held ABNB in place since November. Prices are now squeezing between this resistance and the 50- and 200-day SMAs below. Is a breakout coming?
Speaking of a potential breakout, Bollinger band width has narrowed to its tightest reading in three months. Such compression could be followed by price expansion.
That could be especially true when you consider conditions in the travel industry. Delta Air Lines jumped after issuing strong with strong guidance on April 13. (Notice ABNB’s high-volume candle the same day.) Yesterday also featured breakouts in hotel stocks like Marriott and Hilton , which saw heavy call activity on March 29 .
ABNB's earnings are due May 3 – four weeks before Memorial Day kicks off the summer holiday season.
TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.
Important Information
TradingView is not affiliated with TradeStation Securities Inc. or its affiliates. TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. When applying for, or purchasing, accounts, subscriptions, products and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means.
This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates.
Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
ABNB - is a breakup imminent?A break of this trendline was attempted in early April which failed but gave way to a higher low. It is showing strength relative to the overall market. Odds of breaking up has increased.
Looking to Long if it breaks above the trendline resistance @ 175.50 with initial stop loss @ 167.5
With market so volatile I would prefer to cut losses fast if trade does not pan out quickly.
If trade goes our way I will scale out partially @ 191 and then 207 (fib extensions of the AB swing up)
Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important!
ABNB shortDowntrend noted on daily.
Entry order placed on 50% retrace of full weekly candle, the 50% is an attempt to maximise the risk/reward ratio. If it doesn't get filled, no bother.
Stop at high of weekly candle.
Target at support suggested by weekly line chart.
Commentary by my son.
Airbnb might head into bullish trend Airbnb might head into bullish trend after testing current support levels:
Bearish Indicators:
1. Current support level of 162.56 is a weak support historically
2. Posting of a Higher Low at $162.56
Bullish Indicators:
1. Close to a Piercing Line formation at 162.56
TRADE PLAN A:
1. Look for Green candle formation on Monday
2. Buy between $163 - $167
3. TP1 at $176.53 as the next resistance line (sell 50%)
4. TP2 at $200 based on AB=CD projection
5. Keep adjusting SL along the way to maintain risk appetite of 2%/trade loss
TRADE PLAN B:
1. In case current resistance level of $162.56 is broken, watch for performance at following resistance levels
2. Based on candles formation, buy at $153.21 and follow strategy in Plan A
3. If $153.21 resistance level is broken, consider buying at $143.05 and follow strategy in Plan A
ABNB (Air BNB)Potential Adam and Eve DOuble Top.
Let's see where price is at by the time the Mac D goes tot he lower side.
Bears winning candle fight since March 29th.
Light sell volume kicking in on 4hr current candle.
ABNB Bearish It closes below the trend line in the last two trading days and we could see a possible downtrend and next support is at $140.
ABNB forming Head & Shoulder PatternABNB forming Head & Shoulder Pattern and now it's at 100MA and looks like strong resistance and we could see a pullback from there around $140
ABNB 15% upside with high convictionHigh conviction trade on ABNB. If it breaks resistance it can go higher on summer travel excitment.
AIRBNB - BULLISH SCENARIOAlthough the Covid-19 pandemic had a major impact on many companies, Airbnb's financial results are more than good.
The San Francisco, California-based company has an average target price of $ 205 based on 36 analysts' ratings.
The current level is a good entry point for a short-term long position with approximately 18% movement towards the first resistance
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
nice bounce so far! ABNB bounced off strong support as expected, now looking for a break past 160.30 for continuation.
