ABNB Airbnb Options Ahead of EarningsAfter my price target was reached:
If you too have an Airbnb I think you noticed how your bookings declined YoY.
That will be reflected in the company`s earnings as well.
Now looking at the ABNB Airbnb options chain ahead of earnings , I would buy the $105 strike price Puts with
2023-7-21 expiration date for about
$11.15 premium.
If the options turn out to be profitable Before the earnings release, I would sell at least 50%.
The longer timeframe allows me more flexibility in case of a small rally after the CPI report.
Looking forward to read your opinion about it.
Abnb
Airbnb: Vacation Ready 🌴🌞After finishing up the turquoise wave 1, the Airbnb stock should get some rest and drop into a correction to reach the turquoise target zone between $101.66 and $90.36. Within this zone, we expect the corrective low of the turquoise wave 2, which is followed by an upwards trend back North. Our alternative scenario with a probability of 35% implies, that the course could drop below the support line at $81.91 and continue with a downwards slope until hitting the low of the grey wave alt. II in the grey target zone.
ABNB- BULLISH SCENARIOAirbnb stock has intrigued investors in growth stocks since its Nasdaq debut in December 2020. From its initial public offering price of $68 per share, ABNB stock soared as much as 223%, hitting an all-time high of 219.94. Since then, the share price has tumbled about 52%.
Last week we witnessed a breakout of the major resistance level which triggered new buys and a bullish impulse to the $ 130 resistance.
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AIRBNB - BULLISH SCENARIOAlthough the company's growth rate has been slowing down in recent quarters,
Airbnb`s business fundamentals remain solid.
For the period ending Sept. 30, 2022, Airbnb's sales totaled $2.9 billion and rose roughly 29% year over year.
Also, the company reported $7.5 billion of cash and cash equivalents at the end of the quarter
The first resistance is located at $ 98.
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Airbnb, Inc. Potential Corrective Move AheadLooks like Airbnb, Inc. (ABNB) can easily print a bullish move.
We have higher lows since late June.
It can just as easy go down if it breaks below the early November low.
Likely to go higher though since December is coming/holidays and people travel and rent a lot.
The immediate resistance is set at 99.9.
The easy target is 111.11
The potential target range for a bigger upward correction is the 123 to 130 range.
Some mixed signals but we lean LONG.
Namaste.
Downfall of $ABNBSome thoughts on $ABNB. I've noticed something. Many Airbnb owners are selling their apartments, well there are many reasons for that inflation, and house values rapidly going down like all other real estates.
Fewer and fewer people have been booking Airbnb, I'd estimate over 50% crash in bookings so far!
Insiders have sold a shit ton as well. www.marketbeat.com
I think most Airbnb hosts are renting the place, whilst rents and costs go up so will Airbnb prices, and hotels are already way cheaper than Airbnb, and as hotels also include cleaning, food, and more who would like to stay in Airbnb?
Technical analysis also backup this downfall of $ABNB, chart belove
ABNB: Inverse head and shoulders on close watchABNB
What a beautiful and clean inverse head and shoulders on ABNB.
Technically we just broke the neckline (dotted line), if we close above it today, the pattern will be confirmed with a target between $153 and $161.
This one is a bit tricky though as there are some resistances ahead:
-The horizontal resistance at 130
-The down trend line connecting all the previous highs since November.
A positive note is that the stock has not followed the overall market the last few days. Could ABNB be benefiting from rent inflation? Possibly.
I will long the stock above $130. First target will be $147.
Keep it on your watch list.
Trade safe.
ABNB hot air? Airbnb
Short Term
We look to Sell at 118.71 (stop at 125.98)
Preferred trade is to sell into rallies. Selling continued from the 78.6% pullback level of 117.21. The medium term bias remains bearish. Trading has been mixed and volatile.
Our profit targets will be 102.40 and 100.10
Resistance: 119.00 / 124.00 / 136.50
Support: 100.00 / 91.01 / 87.00
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AIRBNB - BULLISH SCENARIO AIRBNB reported on Tuesday the earnings report. The results were more than satisfactory.
The EPS forecast was beaten by more than 25%. The forecast was for 0.4467 and the actual 0.56
Also, ABNB announced a 2 billion stock buyback
From a technical perspective, the price is at the major resistance level. The price is expected to get back into the price channel with 1st resistance located at 0.618 Fibonacci or $133-$134
Risk Disclosure: Trading Foreign Exchange (Forex) and Contracts of Difference (CFD's) carries a high level of risk. By registering and signing up, any client affirms their understanding of their own personal accountability for all transactions performed within their account and recognizes the risks associated with trading on such markets and on such sites. Furthermore, one understands that the company carries zero influence over transactions, markets, and trading signals, therefore, cannot be held liable nor guarantee any profits or losses.
ABNB reversing?I like the company overall.
And it just hit an all time low. I already own a lot of shares, so i am interested in averaging my position.
I have 2 different strategies or entries.
1- Above 98
2- At 87.60 (lows)
Ideally we should wait for a break of the trendline.
But it is looking like we just made a new lower high, so it could be reversing already
$ABNB $NVDA $QQQ $SPY I OptionsSwing WatchlistABNB 1D I We have a bullish divergence on the RSI. We have resistance near the trend and $100. Looks ready for a relief rally into earnings on 08/11.
NVDA 1D I NVDA is breaking out from a falling wedge pattern on the daily. We have significant bullish activity betting on a breakout from $160 and possibly hitting $170 this week.
QQQ 1D I QQQ is breaking out from a falling wedge on the daily time frame. And it is also forming a possible flag pattern. Expecting resistance near $300 and $310.
SPY 1D I SPY is making higher lows as it bounced off the bottom of our trend, and it is forming a flag pattern. We have resistance near $400 and support near $385.