ABNB trade ideas
Airbnb: next stop 198$Despite it took 62 days for a -62% from ATH, the ATL shows a tremendous peak in Volume. With the non eviction moratorium expiring in most states and weak employment, landlords requirements to rent will be tighter and many will be forced to rent on a monthly basis.
Airbnb has all potential to go back to 198$.
$ABNB Bullish reversal, high short interest & high relative vol$ABNB Bullish trend reversal, high short interest, high relative volume and lots of upside potential. Airbnb 2021 Release: 100+ innovations and upgrades & given recent analysts PT upgrades.
Partnership with RealPage to monetize multi-family home sharing. Beautiful setup. Claimed $146 support. Great long term hold and with summer at our doorstep and travel confidence increasing we could see some outstanding performance here.
www.realpage.com
www.airbnb.com
Long $ABNBThe yellow arrow and red volume bar represents the expiry date of the 'lock up' of shares of insiders. All those VCs, insiders, and early-day employees who didn't want to hold ABNB shares are gone. This is one reason for it's well-defined risk level.
Now, ABNB is poised to take advantage of the reopening. Air BNB has "signed agreements with more than 100 countries, cities, and municipalities"..."governments are reaching out because they want support from us,” he says. “They are seeing massive shortfalls in tourism,” which, he adds, is “wind to our back.”
www.seattletimes.com
ABNB swing tradeI am entering into a swing trade with ABNB based on the following
Chart:
- Has support between 120 and 140.
- support from its early trading days
- Price beat down badly but I am seeing that people in North America are getting vaccinated and I am making a bet, that in the summer time, people will not be able to travel outside the country but will gather and B&B will get some good business back during the summer months.
This is a summer long swing trade. Stop loss at $120.
The dream would be to build up to 170 and sell at that point, unless it carries on going up, then holding to 200. I am in an options call trade for this equity that expires in October.
AIRBNBFriday, 28 May 2021
21: 03 PM (WIB)
AIRBNB will be end of the monthly candle in 6 hours again. It is having huge possibility to moving higher after the downtrend ended. Not fast, because low volatility indeed. But it is also easier to predict and the most important thing is, Low risk. Now, it is near the end of the downtrend, and the chart price already showing the strong movement with creating an engulfing formation. I will keep it only when it reach 0.5 F.
Best regards,
RyodaBrainless
"Live to Ride and Ride to Live"