Airbnb has a near term range from about 151 to 143. That area is resistance for now but if we can get a close above 151 there could be larger reversal play to the upside. For now we remain patient. So far there has been no trend. The next area of interest would be the lows near 121.
BUY ABNB Technical and Fundamental analysis Will average in at lower prices if needed.
ABNB is around their opening IPO price, approaching point of convergence in a descending triangle formation. Can be played in either direction with a confirmation from price action levels.
Some nice confluence here, 149.00 resistance set by price action slightly above the VPOC and .5 fib. Look for continuation over 150.00 psych level and daily close within the emerging channel.
Will be watching for a break over yesterday's HOD.
- No big volume shown - Fibo retracement at 0.618/0.5 - Potential to go 195$ if there's smart money
NASDAQ:ABNB seems to be bullish. Vaccines are starting to be distributed around the world. Will 2021 be the year of the travel industry? Your comments are welcome. ############## Legal disclaimer: I am not a financial advisor. The advice here given is not a financial advice even though my excitement might make it look like such. This account shouldn't be...
+ stock is gonna keep growing after corona
As Airbnb comes to $151.1 and teases us with a breakout, I think it's important to watch these next days of price action. We've broken out from $151.1, looking for a small bounce than a nice correction back to $151.1 to hold as support... Merry Christmas & Happy New Year! BUY & HOLD LONG DCJ
It looks like many IPO investors get rid of the ABNB stocks, and new stockholders came at the price of $124. Let's wait if ABNB breaks up the resistance around $154.
So easy to make quick money!
Happy Holidays By Sun Storm Investment Research A Profit & Solutions Strategy