6Z1 trade ideas
Ascending Triangle Forming- BullishPotential ascending triangle forming on ABNB- will be watching closely for a breakout.
- Bullish divergence on the RSI, buyers starting to step in
- Bollinger Bands are squeezing
- Potential for a double bottom around the 137 level
PT1- 140.50$
PT2- 141.39
PT3- 143.25$ + breakout
AirBNB BOUNCE OFF 139 SUPPORTIntraday swing or scalp off of 139.
I really like this setup , I confirmed the bounce with level 2 data .
I expect a 10 point run off the bounce there is currently 1900 orders lined up at 139 .
I plan of exiting as soon as I reach heavy selling or when I see unusual selling on the order book , I expect a run up to 150.
Cheers
Positional Long Trade Opportunity in AIRBNBPositional Trade Opportunity
1. Uptrend Developing
2. COVID Situation improving with Vaccination
3. Coming result could be better because of summer vacation and easing travel restriction in most part of the world
Overview
Buy @ 140-150 level
Target 1: 165 -170
Target 2 : 200 ( if target 1 holds )
$ABNB AirBnB Resistance Cluster
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ABNB - 5 wave impulse soon! ABNB currently forms a range that has a corrective effect. I like to trade breakouts. And here I expect an upward impulse soon in my imminent scenario. ABNB still has some room to build another low. A possible level would be 135.93. According to my calculation, the probability of a retest is still 35%, as we have not overcome the high of 1 (orange / 153.82) yet. If this is the case, only 157.39 have to be overcome. I am trading a superordinate wave 3. Statistical target 180 USD. Pullbacks are worth buying. Anything above 129 USD is ok and wouldnt invalidate my setup. I expect a 5 part upward movement soon.
Over $158 61% Fib and she's gone After being shorted and slowly consolidating, abnb has some huge upside potential with summer time travel in the works followed by earnings in Aug.
ABNB into the low 60s - Looking by end of julyTravel picking back up. ABNB made a strong bottom around 130, recent tests of 140-145 were rejected and higher prices continued. We should continue this bull run as long as we get through the 57s with some strength. Next resistance area is around low 61s and profit should be taken then.
ABNB , Long I personally spend a lot of time using Air bnb's while working in surrounding cities and I have come to very much prefer them over hotels. I see it as a great product for which demand will only grow going forward. At this time , the stock is still seemingly underappreciated too. I have personally been watching for an early entry into strength and was very happy with today's move up . We conquered very important moving averages with a strong close to the day .
I decided to enter a long vs the low of day but I think that a follow through move tomorrow would be another great time to enter , arguably even better actually.
ABNB early entry?May be or maybe nothing. Would like to see close above 156.50 with good follow through day. Support and resistance levels as marked.
$ABNB well played...Nice work ABNB! Looks like its finally ready, if we start a move, there is plenty for everyone. So many potential plays, not going to call any out because the overall market is still uncertain for me. Good luck to all in this one!
$ABNB hit my stop loss..Its ok, this one has my number but would rather stick to my plan than get emotional. Let it go and move on. Good luck to all who are playing it out long term!
