Airbnb, Inc.Long
$ABNB (Potential Bullish Reversal)
Aug 8, 2024: EOD price $114.63
- Monthly: the stock price has fallen 18%
- Weekly: price retraced to fib 61.8% (bullish range: 12/28/22 - 03/21/23)
- Daily: RSI is under 24, MACD is still red to the downside
- 4hr, MACD is curling up (same with RSI); inside candle, above open at $113.98
In call options:ABNB 118c exp 8/16/2024 @ $1.14.
Delta: 30 | Gamma: 6.7 | Theta: -12.69 | Vega: 5.88
Entry: $114.51
Target Price (TP): $119.99 (50%+ on contract)
Stop Loss: $113 (50-60% on contract)
Reward-to-Reward: 3.42-to-1 ratio
Next Steps:
- Monitor trade tomorrow, Friday, Aug 9
- Monitor /ES & /NQ to ensure price doesn't reverse on me drastically
- Keep TP and Stop Loss
- Monthly: the stock price has fallen 18%
- Weekly: price retraced to fib 61.8% (bullish range: 12/28/22 - 03/21/23)
- Daily: RSI is under 24, MACD is still red to the downside
- 4hr, MACD is curling up (same with RSI); inside candle, above open at $113.98
In call options:
ABNB 118c exp 8/16/2024 @ $1.14.Delta: 30 | Gamma: 6.7 | Theta: -12.69 | Vega: 5.88
Entry: $114.51
Target Price (TP): $119.99 (50%+ on contract)
Stop Loss: $113 (50-60% on contract)
Reward-to-Reward: 3.42-to-1 ratio
Next Steps:
- Monitor trade tomorrow, Friday, Aug 9
- Monitor /ES & /NQ to ensure price doesn't reverse on me drastically
- Keep TP and Stop Loss
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.