$ABNB Triangle Breakout, Earnings Beat
ABNB Airbnb reported earnings after hours today, beating EPS and revenue estimates. Stock is currently flat in AH trading but did run up 3% today. I'll be keeping a close eye on this at the open tomorrow...after crushing the earnings options IV this could start to run toward $200 throughout the day tomorrow assuming the overall market sentiment remains bullish or neutral. I will be looking at near the money calls if it breaks above $180.
Besides the earnings move...chart looking solid today with a breakout and close above ~$176 resistance. It is possible it retests ~$176 as support in the AM if the overall market is down...for me that would be an ideal entry point into a bullish options trade.
Near term target: $200-$210 range by early December
Note: This is NOT investment advice. Educational only.
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