ABNB into the low 60s - Looking by end of julyTravel picking back up. ABNB made a strong bottom around 130, recent tests of 140-145 were rejected and higher prices continued. We should continue this bull run as long as we get through the 57s with some strength. Next resistance area is around low 61s and profit should be taken then.
Trade ideas
ABNB , Long I personally spend a lot of time using Air bnb's while working in surrounding cities and I have come to very much prefer them over hotels. I see it as a great product for which demand will only grow going forward. At this time , the stock is still seemingly underappreciated too. I have personally been watching for an early entry into strength and was very happy with today's move up . We conquered very important moving averages with a strong close to the day .
I decided to enter a long vs the low of day but I think that a follow through move tomorrow would be another great time to enter , arguably even better actually.
ABNB - long from 136 area KEY NOTE - SPECULATIVE SETUP - not a financial advise - do your own analysis
⏳ Analysis TF - 15 minutes
A correction is possible with a little room to move lowed without impacting the trend higher
Looking to buy at dips around 133 to 136
Retracement to support area
Analysis / Trade Setup / Long and then short
± Short-term Bearish # Long term-Bullish
± Support and Resistance in play
± Major Falling broken
± Bullish trend reversal
± Go long for more $$$
± HAPPY TRADING
ABNB - WHERE THE HATERS AT? LOOKING FOR 160PT - ASCEND TRIANGLE
All,
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.
Outside factors:
-Obviously DJ/SPY tanking is never good for companies overall.
-Breaking below 2nd yellow uptrend (in pink would be a small put position for $10 150 to 150) Do not think this is likely at all though