Why I Still Keep My $ABNB Short.I shorted ABNB @213 based on fundamentals. The company makes no money, trades with crazy multiples, and has negative cash flow. Given that the market was getting shaky this is exactly the fragility I was looking for in my short. Just by pure luck, it turned out to the top (so far). Looking at the chart now, I also get some inspiration from the technical side. There is a possible H&S with a 140 or so target.
Trade ideas
AIRBNB - Nice touch to the Support!AIRBNB, the future of the hospitality industry is reaching its first earnings report since the IPO!
-CCI looks bullish having the current price standing below the average.
-Chart looks bullish as well standing at a very close point to the support!
Wait for a reversal or a touch to the support, once either of them is done get in!
For the ones who are long-term on this, then, the current price is already a good entry.
Air BnB follow the Yellow Fib Road Air BnB Printing a Fresh ATH Recently and now pulling back towards the .66 as per the chart ... Climbing up a Acending Channel Since its inception in December with healthy pullbacks along the way .
If this trend is to continue then we shall fall down to the 190 region before a move upwards to perhaps another ATH . Be aware of Earnings Numbers on the 25 Feb .
IN the meantime Thanks for stopping by and remember to have a plan in place before taking any trade . Like and follow is all i ask .. My Gratitude and thanks
Airbnb - Ready for a Jump! Having earnings on 02/25/2021 after market close, Airbnb is losing some weight prior to a busy week.
Currently, the company is valued at about $130 billion, or about 31x consensus 2021 revenues.
Although this stock is one of our top picks we are currently keeping a "HOLD" position on this one.
-Above on the chart we have displayed possible ways for the ABNB to go from here-on.
-Safe entry points: 179.16 or 161.89.
What do you think? Please feel free to comment below about your opinions on ABNB and which way you think it will go. A, B, or C
$abnb - rejection at median before pullback?maybe, just an idea...
there's bearish divergence + hidden bullish divergence. there is high momentum around this stock, can be fun to trade. broke all time highs, and then consolidated intraday. I think this might want more short term before a pullback to 194 and then the next leg up.
ultimately, I see this hitting 275.
ABNB Long Swing Trade Direction BullishNASDAQ:ABNB Target Price: $280 - $310 | Trade Days: 60-90 days. | Probability Rating: High
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