GlennTrading

Airbnb Short Then Long With Time

Long
NASDAQ:ABNB   Airbnb, Inc.
Abnb reached 70 RSI a few days ago and is headed to lower lows with time. The MACD is beginning to show the buyers are slowing down which will allow for sellers to come in to possibly take the price back to the highest volume area of ~$149 area. I circled the support and resistance regions to show different profits for entry and exits if you are looking short term. If you are looking long term it looks like it will be a great buy once it reaches the ~165 region and below.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.