Hello, according to my analysis of airbnb stock, there is a great investment opportunity. The stock looks positive with the side channel broken. And the resistance at 130 was broken there. We also notice the strong green candle that formed on the daily time frame. It indicates a strong entry of buyers into the market. Finally, good luck to everyone
If you haven`t sold at $148 when i warned you about the high valuation:
Then you must know that ABNB Airbnb will close its business in China because of strong competition with local operators.
My price target is still $95.
Looking forward to read your opinion about it.
Even though in the pre-market the price is higher, i think that the $183 resistance is fair valuation right now.
Revenue: $1.53 billion vs $1.46 billion expected
Adj. EPS: $0.08 vs $0.03 expected
Gross bookings: $11.3 billion vs $11.09 billion expected
If you find this technical analysis useful, please like & share our ideas with the community. Coming to the technical analysis of AIRBNB , I think we still going to see a downward movement. If you are going to go short, make sure to place the stop above the previous resistance area .
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