ABNB trade ideas
ABNB Summer runner + new highsABNB Daily TF
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Analysis
Strong name and after 2021 Q1 earnings, reporting revenue has already recovered to pre pandemic levels... $ABNB is showing strength for stockholders and more growth to come with International travel still on the verge of recovering. Possibly see an increase in $ABNB bookings with travel activity increasing as summer approaches. Now... after nearly correcting 40% from ATHs, looks like we have reached a nice bottom consolidation in 129-139 ranges with a nice breakout to 152.70 and building support around 144 level. Nice bull flag set up with two daily inside candles to start the week. These next couple days will determine direction. Ideally would like to see this push to 151 by the next two days, and open the next day above the previous days close for continuation to new highs (over 152.70 is breakout level).
Targets: 155, 162, 173
Key Levels
Support: 146.38, 143.88, 141
Resistance: 151, 152.70
Trade Ideas
1.Shares
2. 1-2+ week out calls (atm/ otm 5-10pts out *further otm buy more time*)
Airbnb I like you and I want yaSo here's my thing with Airbnb, I kept watching it all day. I noticed it spikes then it drops... are market makers slowly scaling or or shaking out the weak?
I believe Airbnb will hit close to 160 hopefully by July-August since covid restrictions are been lifted in many countries.
So far i see this is forming a bearish pennant on the 15min, with support at 144, if that support level fails, 141 major support.
support a. 146
Support b. 144
support c. 141
Resistance a. 149
I am not a financial advisor. Do not take as financial advice, ever.
Do your own research.
Consult a professional investment advisor before making any investment decisions! My ideas are for entertainment only!
MY MINIMALIST CHART ANALYSIS FOR $ABNB$ABNB- Airbnb ON A DAILY CHART
6.08.21 1301H +8 PACIFIC
MY PRACTICE MINIMALIST ANALYSIS
ENTRY AND EXIT POINTS FOR A SWING TRADE
USING RANGE BOXES AND FIBS (NO INDICATORS)
STILL ON TARGET
THE MARKET IS STILL EXPANDING
EXPECTING A
0.382 FIB Correction that will complete the 5th Wave.
VERY BULLISH ON THIS.
Please do feel free to comment on my idea.
I would greatly appreciate it so as for me
to learn more. Thank You.
Airbnb: next stop 198$Despite it took 62 days for a -62% from ATH, the ATL shows a tremendous peak in Volume. With the non eviction moratorium expiring in most states and weak employment, landlords requirements to rent will be tighter and many will be forced to rent on a monthly basis.
Airbnb has all potential to go back to 198$.
$ABNB Bullish reversal, high short interest & high relative vol$ABNB Bullish trend reversal, high short interest, high relative volume and lots of upside potential. Airbnb 2021 Release: 100+ innovations and upgrades & given recent analysts PT upgrades.
Partnership with RealPage to monetize multi-family home sharing. Beautiful setup. Claimed $146 support. Great long term hold and with summer at our doorstep and travel confidence increasing we could see some outstanding performance here.
www.realpage.com
www.airbnb.com
Long $ABNBThe yellow arrow and red volume bar represents the expiry date of the 'lock up' of shares of insiders. All those VCs, insiders, and early-day employees who didn't want to hold ABNB shares are gone. This is one reason for it's well-defined risk level.
Now, ABNB is poised to take advantage of the reopening. Air BNB has "signed agreements with more than 100 countries, cities, and municipalities"..."governments are reaching out because they want support from us,” he says. “They are seeing massive shortfalls in tourism,” which, he adds, is “wind to our back.”
www.seattletimes.com