Airbnb (ABNB): NASDAQ:ABNB
Airbnb's outlook appears quite bleak at a glance. We've experienced a break in the downtrend, and since January 2023, there has been an uptrend. However, we anticipate this might not last long as the complete cycle has not yet concluded. Since the IPO, the price initially surged to $220, then fell to $82. We now expect a rise...
After finding a bottom at the end of 2022, the price shifted into a bullish intermediate trend. Since then there have been two waves of higher lows and higher highs playing out in almost the same timeframe and each wave was with a diminishing magnitude than the previous one.
In continuation of the pattern I expect the next wave to be of a lesser move and a high...
ABNB started its rally from 81.91 dollars and is continuing as a Leading Diagonal.
We are waiting for it to complete the patter because if it is correct so we may have
a huge bullish market (normally after Leading Diagonals).
I think it will be precious to keep it in your watchlist.
Be Safe and Happy
If you haven`t sold ABNB on this valuation thesis:
Then analyzing the options chain and the chart patterns of ABNB Airbnb prior to the earnings report this week,
I would consider purchasing the 150usd strike price in the money Puts with
an expiration date of 2024-2-16,
for a premium of approximately $7.70.
If these options prove to be profitable prior to the...
This is a smaller time frame view also up to the 1hr which takes us out 24hrs with our target.
it is the formation of an m pattern. This can result in larger downside
DON’T HAVE TIME TO MANAGE YOUR TRADES?
- Take BTST trades at 3:25 pm every day
- Try to exit by taking 4-7% profit of each trade
- SL can also be maintained as closing below the low of the breakout candle
Now, why do I prefer BTST over swing trades? The primary reason is that I have observed that 90% of the stocks give most of the movement in just 1-2 days and...
The macro structure is bullish from Dec'22 low with important price zones at: 198-217, 227-260 and 282-322 as inter-mediate and ultimate resistance areas for suggested impulsive structure.
The gap-up set-up on earnings today is in the cards for price to move towards 198-217 area. But if price decides to consolidate more138-128 area should be an important...
SETUP:
Inverse HEAD AND SHOULDERS within an up-trending channel - Bullish
Above all MA's in order - Bullish
Daily RSI, MACD and ADX +/- all pointing to further upside - Bullish
Risk/Reward and price targets on the chart
As we observe the emergence of an inverted head and shoulders pattern, we are currently surpassing the right shoulder level. Additionally, bullet divergence is evident, adding further confirmation to the analysis. The projected target is clearly indicated on the chart, providing a potential objective for the price movement.
Looking at my past track record, I am becoming somewhat of a fanless guru hahah - I better knock on some wood; otherwise the market goods give me a losing streak like I have never seen. However, it is nice to see how these age-old rules coupled with some patience work. Anyways, enough of bragging and lets get to the trade
Fundamentals
The market is...
Reasons for bullish bias:
- Price moving in bullish trend
- Entry at HH breakout
- Simple DOW theory
Entry Level: 156.29
Stop Loss Level: 140.29
Take Profit Level 1: 172.29
Take Profit Level 2: Open
NASDAQ:ABNB is in a bullish mode as long as $140 holds. Target will be $180.
My view is that it remains bullish as long as it is above $140.
Trade with care.
ABNB been pretty bearish and the earnings are on the way lets see how it plays, according to my analysis it could fall back to 128$ zone and its a really important zone to mark. Will keep you guys updated. NASDAQ:ABNB
Some analysts express bearish views on Airbnb, but these assessments might be misguided according to Bernstein.
Key points of bearish sentiment include:
Airbnb’s room nights have grown by only 8% on a compound annual growth rate (CAGR) since 2019.
The company has relied on price increases (9% per year) rather than volume growth.
Airbnb’s average prices are 40%...
NASDAQ:ABNB is showing a inverted head and shoulder pattern on the weekly chart. Earnings are in couple of days which could be the catalyst in the next leg up.
