Airbnb ($ABNB) StraddleThis is a Goldman trade idea from their Weekly Options Watch Tactical Trades on 4/19/23: NASDAQ:ABNB 5/26/23 straddle ahead of earnings on 5/2/23. Goldman expects considerable volatility in the growth profile of alternative accommodation booking platform AirBNB. The May 26th Straddle is going for $13.55; breakeven at $128.55 and $101.45. The 1M IV of 48 is only in its 22nd percentile relative to the past year.
1ABNB trade ideas
Bear Flag PatternThe chart is showing a Bear Flag Pattern,
And with the rsi being below the 50 middle band,
And with breaking major support line at 119,69.
I see a bearish sentiment for the next few days,
And if we break the 115.94 trend line,
I see ourselves dropping to the 111.51 trend line,
And drop again to finally hit the button off the next major support line of 106.39.
This is just my opinion...Safe trading everyone
AIRBNB well supported targeting $180.Airbnb Inc (ABNB) is flashing major buy signals as it came outside the 2022 Bear Cycle. Not only is it supported by the 1D MA50 (blue trend-line) on a Higher Lows trend-line, but is also past a 1D Golden Cross pattern.
Having broken above the Bear Cycle Lower Highs trend-line and successfully re-tested it as a Support, it almost filled the 0.5 Fibonacci retracement level on February 16 and is now targeting the upper ones. We characterize the 0.382 - 0.618 Fibonacci range as the High Volatility Zone and our target by Q3 is just below the 0.786 Fib at $180.00.
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ABNB - Cup And HandleABNB has had a long run to the downside primarily due to global economical reasons, and now seems to have a great run to the upside.
We can see that the chart has formed a Cup and Handle-pattern, and is now trying to retest its high of the handle.
We will wait for a breakout of the handle, to take our position with the expectation of a return of 26%.
More details are shown on the chart.