Abnb
$CRM | [Update 2] Target 1 and 2 Reached: Watch For Continuation$CRM reached both upside targets shared in my previous analysis (see below).
Price has continued to display exceptional strength despite the recent selloff across the major indices.
If upside momentum continues I expect price to test 235, 240.
See my previous analysis here:
Let me know what you think in the comments and leave a like if you agree with my analysis! 👍🏽
That is why they call me Yoda :) $ABNB first retracement targetHello dear padawans. If you read my last analysis on ABNB (link below) you would know that a move to this level was expected. I will repeat what I wrote there: if you are in for the long term you can start scaling in here (not financial advise, just an idea). I am a buyer on the channel support.
Safe trades my friends!
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***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
ABNB in a channelThis is Another request from a follower. ABNB wide swings after IPO created a clear ascending channel . I used the 4hr timeframe for this one because there is very little historical data to plot on the a daily chart . As you can see, the price fell about 10% in the last trading session. It found support on the 9-ema (where it is sitting now) and the 14-ema (check the lower shadow). MACD is curling down sharply as well as the Stoch . Below the 14-ema there is support around $161, which is in confluence with the 21-ema at the time of this writing. I am inclined to think the price will fall at least to that level. Depending on how it reacts there, it could revisit the channel support. I would only get into this one if the price moves to the bottom of the channel but if you are in it for the long term you could start scaling in from the $161 level (not financial advise, just a possible strategy to ponder about).
Safe trades!
Share the love:
If you get anything out of this TA, please like the chart so it moves up and others can benefit from my work. A simple click on the like button goes a long ways.
Follow for more:
I have an outstanding winning rate (check my other charts). If you want the best entry/exits just follow me, you won't regret. Thanks a lot!
***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
Game Plan #stocksAirbnb has a near term range from about 151 to 143. That area is resistance for now but if we can get a close above 151 there could be larger reversal play to the upside. For now we remain patient. So far there has been no trend. The next area of interest would be the lows near 121.
It happened: ABNB broke the IPO highSo for those that were patient and were following my last post about ABNB I just got an alert that it finally broke the IPO day high.
At this point there are different ways to structure a good trade both in terms of entry and in terms of risk.
Entries:
Take a breakout now... this is for the FOMO traders out there that are afraid of missing the move! (I find this to be a poor method in general)
Wait for a pullback to the level proper.
Now that there is some established prior price action one can setup stops at technical levels either below the last swing low or the all time low. This is very helpful in structuring your risk and position size. Good luck!
Mr. West Daily notes Report no. 3Trending Up: AESE, MVIS, HERO, SNE, ZNGA, ROKT, DENN, GE, MICT, UA, JETS, SAVE, NCLH,
Trending Down: CRON, JBLU, ABNB, DASH, NIO, CAN
Consolidation: PBI, BOTZ, CCL, NKLA, WINRD
Todays notes will be explaining the market and it's signs of growth for majority of the Companies I have listed based on chart patterns. For the month of December, many of the Stocks are tending up. One Stock company in particular has gradually grown from its consolidating patterns into a bullish up trend. Ticker symbol Allied E-Sports Entertainment INC. (AESE). With COVID-19 still creating issues in the economy, many people are still resulting to stay inside and occupy their time with online gaming. This has also been a strong factor for many E-Sport companies within the Tech Industry. (See image link below).
With the hype of Door Dash(DASH) and Airbnb(ABNB) having IPO dates last week, the two tech companies were price up high. However, the two companies ended up falling short into a down trend. Door Dash may end up going up due to the increase of take out, but Air bnb may result in a down trend since traveling is still at an all time low.
Buying IPOs are STUPIDThere are plenty of opportunities to benefit from your "SUPER BULLISH" case on whatever the stock is... but day one being it has a horrible track record. IPOs are not done to make YOU wealthy!!! Including today's NASDAQ:ABNB
My video is not all FUD. I show a simple way to play them with a better chance...
Super Simple Smart way to play IPOsMy last video got a lot of traction where I was critical of people that buy IPOs on the day of offering. There is a better way! When you see it and how simple it is... you will laugh!
Even if you believe in the company, have done your DD, and are ready to make your investment based on fundamentals this method will help you avoid drawdowns and increase your probability of success! One warning though: it requires PATIENCE which many may lack! :P
AirBNB for the rollercoaster. How to play this exciting IPOTeam,
Happy Trading, in this video I go over the price action for the newest IPO AirBNB. I went long at the open and sold way to early. Once we ramped up and trapped a lot of people we sold off below our initial offering. I had a bid to go at $139 which was 2 points away from the low. I expect us to ramp back above $150 tomorrow once the buyers who normally trade open come in. NASDAQ:ABNB