Airbnb carries a potential profit of more than 21% unless it closes below $140 per week. Since my usual bottom finder indicator is currently giving a buy signal, I can open a long targeting $176 with a stop at $140. But in the long term a rising wedge pattern is forming.
If you haven`t sold at $148 when i warned you about the high valuation: Then you must know that ABNB Airbnb will close its business in China because of strong competition with local operators. My price target is still $95. Looking forward to read your opinion about it.
If you find this technical analysis useful, please like & share our ideas with the community. Coming to the technical analysis of AIRBNB , I think we still going to see a downward movement. If you are going to go short, make sure to place the stop above the previous resistance area . What do you think is more likely to happen? Please share your thoughts in...