Who doesn't know AirBnB? Airbnb, Inc., operates a platform for stays and experiences to guests worldwide. The company's marketplace model connects hosts and guests online or through mobile devices to book spaces and experiences. It primarily offers private rooms and luxury villas. The company was formerly known as AirBed & Breakfast, Inc. and changed its name to...
Traders, AIRBNB stock broke out and can now form a complex FCP W pattern which can take the price higher. But after such a violent move, there can be some profit taking so it can first fall down a bit to test 200 sma and then if we get a confirmation to the upside, this will become a good BUY stock. Watch it closely.
1. Never trade too much
2. Never trade...
AIRBNB made quite a solid breakout after Reuters reported that the company has offered to provide free, temporary housing to 20,000 Afghan refugees worldwide. Do your own analysis and if this matches with my TA then you are ready to go. Wait for a retest of the breakout area!
chart is moving towards a resistance level, that has been tested 5 times. Might give a breakout here if it closes above the resistance level.
(or) might give a short term retracement.
I am bullish on this, will take a trade only if it breaksout.
We all know Airbnb,
no matter where you are, by opening the app you will surely find accommodation.
This simple idea has led Airbnb to have a Market Cap superior to the most important and historic chains in the Hotel sector, such as Hilton, Marriot, or Accor.
The IPO that arrived in December 2020 immediately had a big boost after the first week of trading, as...
Airbnb!! This might indicate the beginning of a reversal! The only thing issue regarding this analysis is that, it would have been better if the distance from the 2 bottoms were more than 3 months. Besides this, it looks pretty clean! And i'm liking this 0.786 region.
ABNB looks good as I previously compared was indentical to BMBL on wave 2 big buy would have big returns and it did. Only question does it break out the top of this ascend triangle here or bounce down one more wave in pattern off trend then break. Need to see next week.
-Obviously DJ/SPY tanking is never good for companies overall....
ABNB 2HR TF
Wave 3 of 3 in motion, failed pennant breakout last week but bounced nicely off bottom channel trendline with lots of room to the upside to run.
*Levels and in depth analysis on previous post*