ABNB Strong Earnings but Wrong ValuationABNB net loss was $18.8 million, or 3 cents a share, higher than the loss of 25 cents a share Wall Street analysts were expecting.
Revenue up 70% YoY to $1.51 billion vs $1.45 billion expected.
But i still don`t understand where that 94.879Bil market capitalization comes from.
Since its IPO the company wasn`t profitable and it is still valued at 95Bil. Pure growth speculation.
ABNB may not be able to achieve profitability in the upcoming years.
My speculative price target is lower than its IPO, at $95.
Looking forward to read your opinion about it.
Abnb
ABNB- How can they guide higher? They cannot!Inflation has caused households to get squeezed on every front. Vacations are a luxury not a necessity. Consumer is tapped out! $6 a gallon gasoline here in CA. Inflation . Higher interest rates. Rising wages. Labor force shortages. Consumers being squeezed on every front. Something has to give! Same as GAP, NFLX and AMZN evidenced the consumer is cutting back. ABNB is not impervious to the headwinds of the entire economy, they are in the eye of the storm. I say they cannot guide higher. vacations will become fewer when households have to tighten their purse strings in the upcoming recession/ depression.
AIRBNB - BULLISH SCENARIOAlthough the Covid-19 pandemic had a major impact on many companies, Airbnb's financial results are more than good.
The San Francisco, California-based company has an average target price of $ 205 based on 36 analysts' ratings.
The current level is a good entry point for a short-term long position with approximately 18% movement towards the first resistance
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ABNB IdeaOne of the stock I love to trade!
Also a good long term stock, imo.
For long position, I want to see this one hold 153 range in order to break downtrend
Should it fall below 150 with volume then I'm short target would be around the 2 Red lines in the bottom.
With the current market we have right now, the pandemic, and the economy, I don't see this one breaking and making new highs just yet. I can be very wrong and ABNB might go ballistic.
Any thoughts? I would very much appreciate it if you share what you think. Thank you for reading!
ABNB is on a major support, we might see a reversal soon!!Market Instrument: ABNB
Timeframe: D1
Analysis: Technical
Structure: Support and Trend Line
Prediction: Bullish
ABNB is on major support where we have seen a couple of strong bullish reversals formed. At the moment I have picked up a channel on the bearish trend formed and if we can find a good bullish reversal and a breakout on the trend line ( upper boundary ) created, then we might see a good bull ride to the upside close or above $175
$NVDA $CRWD $ABNB $LRCX I OptionsSwing WatchlistNVDA 30M I Watching NVDA for a possible relief bounce near $230, after selling more than 30% from ATH. A break below this level and it could see $220 next.
CRWD 1H I Significant bullish activity was picked up on CRWD betting on a bounce to $170 this week. Watching for a break above $165 or pre-market high.
ABNB 2H I ABNB is trading within a wedge pattern on the hourly. It will probably breakout before reporting earnings on 02/24. Resistance near $160 and support near $150.
LRCX 15M I LRCX reports earnings this week and we could see a relief bounce as well near this level. Watching for a breakout from the current downtrend on the 15M timeframe.
Airbnb does not look good right now!Looking at the chart from a technical perspective, Airbnb seems to be heading to the lower end of the downtrend channel, as the Lower High and Lower Low Pattern indicates.
RSI would need to calm down as well and even dip into the oversold area at least on a daily basis.
Next stop imo is around 120 USD
If there are no new events like "COVID is gone" or anything in that direction, I do not recommed to go long on #ABNB right now.
What is your opinion? Help the community and comment.
PS. No financial advice! Just my opinion.
ABNB WILL FIND SUPPORT 151 ALT 142 FOR A TRADE LONG SIDE It appears that we will find support in abnb BEAR MARKET into 151 to alt 142 . I would cover shorts now And long to buy calls for spring , market over all is acting as per forecast For wave C down . nearing the near very soon watch for my posts
ABNB Large Base Formation We're witnessing some relatively volatile price action after ABNB reported solid Q3 earnings. I believe ABNB is a disruptive play on innovation that everyone should hold in their LT portfolio, with accelerating EPS and increasing market share within the hospitality industry.
Technically speaking, the price action for ABNB keeps returning to its broad base on the daily timeframe and bouncing every time. I like watching this base for solid entry points/DCA on my position.
Just my personal opinion, not investment advice.