$ABNB Air bed and breakfast 140 level held really well and looking at the past we see how the next candle reacted. Can they do it again and push it to 154. If we reject tho, i dont think i will short. i only like the bullish set up. Btw i didnt know they stand for "air bed and breakfast" lol whatt ?
ABNB trade ideas
Airbnb (ABNB) | Breakout, Confirmed With July Close!Hi,
Again, buy the strength, and this time - Airbnb (ABNB)
Started in 2008, Airbnb is the world's largest online alternative accommodation travel agency, also offering booking services for boutique hotels and experiences. Airbnb's platform offered 6.7 million active accommodation listings as of March 31, 2023. Listings from the company's over 4 million hosts are spread over almost every country in the world. In the fourth quarter of 2022, 47% of revenue was from the North American region.
Airbnb has managed to push above strong areas which is confirmed by July close. A monthly close is the best confirmation on that occasion and currently, the price of ABNB has already started to retest the breakout area.
Basically, $125 to $145 was the area that played an important role in the previous price action - it has worked as a support level, and after the break below it has acted as a resistance level. In the short history of date, we can say that this area is the key zone for Airbnb and the price is finally above it which allows calling that technically it would be a good place to buy.
The monthly close was also above the mid-round number of $150 which is a minor win but we will take it and definitely adds a bit of strength to the retest area.
* Considering technical analysis then the optimal buying zone should stay between $125 to $142
* Target updates going to the chat room!
Good luck!
ABNB Investment ThesisSlide 1 - Investment Thesis
Global leader in alternative accommodations with strong growth prospects
Benefits from network effects and high barriers to entry
Rapidly recovering from pandemic, financials exceeding pre-Covid levels
Significant runway for continued expansion in massive addressable market
Slide 2 - Financial Performance
- Revenue grew 70% in 2021 to $6B, expected to grow 35% in 2022 to over $8B
- Net income of $1.9B in 2021 vs loss of $4.6B in 2020
- Strong profit margins - Gross: 63%, EBITDA: 29%, Net: 26% in 2021
- Robust free cash flow of $2.8B in 2021, cash balance of $9.9B
Slide 3 - Growth Outlook
- Total addressable market in lodging, experiences and other areas is over $3 trillion
- Currently under 1% penetration of global lodging market
- New offerings significantly expand TAM:
- Airbnb Luxe (luxury rentals)
- Airbnb Categories (specific rental types)
- Airbnb Studios (urban apartments)
- Positive booking trends - nights and experiences booked up 20%+
Slide 4 - Efficiency
Asset turnover improved from 2020 to 2021 indicating increased efficiency
Return on Equity of 67% in 2021 demonstrates highly efficient use of capital
Slide 6 - Solvency
Has a healthy balance sheet with $9.9B in cash and $2.9B in long-term debt
Manageable debt levels at ~3x EBITDA
Can generate sufficient cash flow to service debt obligations
Slide 7 - Competitive Position
- Powerful network effects - hosts attract guests and vice versa
- Trust built through reputation system and reviews
- Operates a two-sided marketplace - difficult to disrupt
- Brand awareness, inventory density strengthen competitive advantages
Slide 8 - Valuation
- Average of valuation models suggests modest undervaluation:
- Discounted cash flow model: $120 per share
- Comps, multiples analysis: $110 - $135 per share
- Consensus Wall Street price target of $170 implies ~15% upside
- If executes on growth, substantial upside in stock over next 5 years
Slide 9 - Recommendation
Attractive risk/reward profile given leadership, TAM, competitive advantages
Q4 2022 results beat expectations across key metrics
Well-positioned to capitalize on rebound in travel demand
Rating: Buy, Price Target = $180
ABNB - Setting up for a big run
Trading above 600 DMA ++
Golden cross pending. Price move to 160 in next few weeks, would make that happen.
Inverse H&S pattern with the critical pivot line at 130.
It will continue to ramp to 160. Quite a bit of selling to be absorbed until then. Next earnings are likely to start a fire to send this to 200.
Bear case : Keeps selling below and breaches 115. Most likely will test ATL.
No position yet, but I will go long next week once it backtests 130.
Trading is Patience #ABNBOnce you have selected a stock with decent fundamentals (review every month if the stock still fundamentally sound), then you just need the chart to tell you when to buy it.
Trading is all about waiting/patience.
When price is below the 20/50/200, you stay in cash. You wait.
When price is above 20/50/200, you wait for a base/pullback and a trigger.
In this example, there was a decent gap up breakout but got stopped out. So what? A good system just need a 30-40% winning rate.
Look for a base and you WAIT.
ABNB AVWAP analysisBullish observations:
The cyan line, the AVWAP from the recent ~$145 high candle was overtaken and now trending up
The pink line, the AVWAP from the all time high has been acting as support for ~10 days now
Possible cup and handle pattern forming?
Outlook:
Resistance at ~$139 is the AVWAP from the IPO and intersects with some of the dips in '21 and '22, and the previous high from this year.
If it breaks through $139 could be clear sailing to ~$175
AIRBNB - Good Sales, Earnings and Price Momentum Airbnb, Inc (ABNB) is currently trading at $125.11 (49%++ performance past 6 months).
700% Earnings Qtr to Qtr (YoY) Growth
20.5% Revenue Qtr to Qtr (YoY) Growth.
ROIC 27% Qtr to Qtr (YoY)
Currently trading above the 20EMA,50EMA and 200EMA. I will buy this stock when theres a pocket pivot or daily missed pivot or breakout of most recent high structure at $130.
Airbnb Sell: 2nd AttemptIt seems I had jumped the gun on my first attempt to sell this stock a couple days ago. Today, after what I believed would be a breakout to the upside, ended up being a false breakout. Today's doji has properly tested and confirmed initiated horizontal resistance from March 6 of this year and I've opened another sell position. I'm looking at 104 as my final target.
Airbnb Sell OpportunityThis is a basic retest/rejection/reconfirmation setup at both horizontal and diagonal resistances. Based on the candle cluster of the previous six trading days (not including today) which reconfirmed resistance, I've entered short just above 125 and am looking for a target at previous support around the 104ish area.
ABNB ready to blast offABNB looks like it´s ready to blast off.
The upsloping support has been holding strong. Now the price is about to retest the resistance. We expect a small pullback to retest the support one more time and after that we should get a breakout and a big move towards our targets.
MACD looks very strong which is confirming our bullish bias .
Good luck
Will Airbnb break through after sortingWill Airbnb break through after triangle sorting ?
This figure shows the Line chart chart of Airbnb stock in the last two years. The graph overlays the recent bottom-up golden section, as well as the connection between high and low points in the past two years, as well as the connection between low and low points. As shown in the figure, the Airbnb stock has broken through the previous downward trend line's upward pressure line, and has recently hit new pressure, starting to emerge from a clear triangular consolidation pattern! In the future, we should focus on the area near the end of the triangle consolidation, and see if the Airbnb stock can accelerate its upward breakthrough!