If you like this idea, please don’t forget to Boost it.
Sector – Consumer Cyclical
US Business Cycle Stage – late cycle, when this sector is not favourable
Revenue – suffered significantly during pandemic period and 2022 TTM is showing revenue just shy of 2019 level, with 9% average annual rate
Profits – profits, however,...
Is it time for Booking Holdings to correct and let the steam out of the overpriced and struggling business?
Following Covid pandemic travel business has suffered the greatest blow for over a decade impacting all the areas of this industry. And it still has not fully recovered.
Specifically with this company the financial indicators speak for themselves:
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*
$ABNB 2HR Chart...
FA & TA
After surging to all time highs after just 2 months from IPO, we have seen a 30%+ correction from February's Highs. Now... with vaccines and more people wanting to experience certain activities that once was restricted due to a pandemic, ABNB's road to recovery could be starting soon. With Summer approaching and leisure travel...