$ABNB, Hourly, Bearish Pennant Formation + Gap FillGap fill with a bear pennant as well, keeping this one on watch.
ABNB trade ideas
ABNB great Risk to Reward trade idea ABNB Triggered long, aiming tp 1 and stop even, then tp 2, stop below red line
$ABNB Primary base candidate$ABNB good candidate for a magnitude play (primary base)
Right side is already setting up
$ABNB Will be looking at ABNB for a bounce, 60 min dip or a red to green move. Had lots of flow coming in on it Friday along with a solid breakout of that consolidation area.
(7) ABNB 11/7 Ascending TriangleBreakout of range from earnings report, watch for retest of upper line...
Price Target = TBD
AIRBNB (ABNB) target reached +39% !!!AIRBNB (ABNB) Target reached and Updates
After pulling out to the $ 144 level in August after the important double low in July, Airbnb continued its bullish trend, which ended on a stunning post-Earnings Friday, where the price opened with a major upside GAP for then close above $ 200.
Once the first two targets I had indicated have been pulverized (go and see the last post on AIRBNB), ABNB closes above the psychological threshold of $ 200 and for those who had taken a cue from my idea of August, today would have made a profit of over 39% in about 2 and a half months, not bad.
For those who, like me, want to keep the title in their portfolio for a long time, we have numerous levels to be able to accumulate:
- the trendline that has been created, for now with two points of tangency, but which obviously represents an important reference point.
- 171.50 $ important volumetric level
With the resumption of tourism, business travel, I do not think the price will return below this level, but if something extremely serious happens at the macroeconomic level, the POC in the $ 150 zone is the ideal level.
In the short-medium term, a general profit-taking and a violent pull-back in the $ 185 area is possible, but the target remains $ 215, as indicated by me previously.
I won't dwell on the strength and goodness of the company, if you want to know my general analysis, go and read my August article. I can only confirm that in my opinion, Airbnb is a company destined to grow over time, which is why it is one of the 10 stocks that make up my long-term portfolio.
Happy trading
Lazy Bull
DISCLAIMER: I am not a financial advisor nor a CPA. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
Airbnb - ABNB - Is someone at AirBnB following my post? LOLAirbnb - ABNB - Is someone at AirBnB following my post? LOL. This is really funny to see price play out like the yellow arrow. See my previous post using the link below. LOL. Edutainment Purposes Only!
ABNB 30-08-2021 LongAsset and Time frame -ABNB, Daily
Entry Price -155.97
Exit(Stop Loss) -149.83
Exit(Take Profit) -178.42
Technical Analysis -Price has been going sideways on the daily chart with multiple attempts of breaking the 152.x level, price action started going in an up-trending channel since July and now broke the 152.x level for the first time with a big volume spike and a retest, now price is retesting the 152.x level + the daily 100 MA as secondary support and confluence.
Ascending Triangle Forming- BullishABNB really catching my eye here- Big ascending triangle forming on the 2-hour timeframe along with a big falling wedge on the hourly timeframe (See Attached Chart Below). Will be looking for a breakout from this triangle (Broader Markets Permitting) - Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones - Bullish
- Bollinger Bands Squeezing (Not Pictured)
- Falling wedge on the hourly timeframe
- MACD cross
- Slight bullish hidden divergence on the RSI
- Sitting right on its 100-day EMA
PT1- $171.21
PT2- $172.46
PT3- $175.67 + Breakout
Hourly Timeframe-
Previously Charted-
$ABNB Triangle Breakout, Earnings Beat$ABNB Airbnb reported earnings after hours today, beating EPS and revenue estimates. Stock is currently flat in AH trading but did run up 3% today.
I'll be keeping a close eye on this at the open tomorrow...after crushing the earnings options IV this could start to run toward $200 throughout the day tomorrow assuming the overall market sentiment remains bullish or neutral. I will be looking at near the money calls if it breaks above $180.
Besides the earnings move...chart looking solid today with a breakout and close above ~$176 resistance. It is possible it retests ~$176 as support in the AM if the overall market is down...for me that would be an ideal entry point into a bullish options trade.
Near term target: $200-$210 range by early December
Note: This is NOT investment advice. Educational only.
ABNB: Bullish OutlookTechnically I like the price action for ABNB, despite it sitting in a supply zone. Difference between now and in the past is the momentum is confirming the move. Some may look at Zillow and base that decline and sentiment as an overlay onto the rental property business - but I think they're not as correlated as many speculate.
Bullish outlook on ABNB with targets identified into the upper supply zone.
$ABNB Little breakoutTarget for this breakout $194, but I consider this share a long term hold. Industry disruptor
ABNB resting at good trend lineABNB is resting at good long trendline and with ER planned on 11/04, it can break the resistance line to go higher
Airbnb will experience higher volatility soon..!In 1 week there will be the earnings, ABNB is at the lower border of an upward regression channel and also has built a contracting triangle (consolidation pattern) its earning will push Airbnb outside the consolidation!
the question is which side is more probable?
Because of the Delta variant surge, I do not think tourism-related stocks could beat the expectation..!
But as I always said, trading before earnings= gambling!
and I prefer to stay out of it!
Best,
Moshkelgosha
DISCLAIMER
I’m not a certified financial planner/advisor nor a certified financial analyst nor an economist nor a CPA nor an accountant nor a lawyer. I’m not a finance professional through formal education. The contents on this site are for informational purposes only and do not constitute financial, accounting, or legal advice. I can’t promise that the information shared on my posts is appropriate for you or anyone else. By using this site, you agree to hold me harmless from any ramifications, financial or otherwise, that occur to you as a result of acting on information found on this site.
$ABNB will be $181.00 by Dec 2nd -Fib flag formation So I did two fib growth pitchforks..
—one mod schiff Bearish and one original recipe bullish, and that’s an obvious flag formation, double major resistance at $180 to $182
If I was a betting man I would bet a debit call spread with the short call 60+ days out 12/15/21 on the top end w a $190 strike..
-and a slightly out of the money call January 2022 at $175 strike.. Cha Ching!
$ABNBAn essential aspect of Airbnb's business is that the company does not own or operate any rental properties. Similar to eBay, it creates the platform and manages the interactions between hosts and guests. The asset-light business model has the potential for excellent profit margins because there is no need to pay for building or maintaining expensive structures like hotels or resorts. Moreover, Airbnb can hire customer service staff in low-cost parts of the world to support guests staying at properties in high-cost areas like Los Angeles.
The coronavirus pandemic caused Airbnb's revenue to fall by 29.7% in fiscal 2020. Before the outbreak, Airbnb increased revenue by 42.6% and 31.6% in 2018 and 2019, respectively. Overall revenue was highest in 2019, where it totaled $4.8 billion. Still, management feels that's just the tip of the iceberg. It estimates Airbnb's total addressable market at around $3.4 trillion.
To put that figure into context, Statista estimates the worldwide hotel and resort market peaked at $1.47 trillion in 2019. It seems management's estimate of its total addressable market may be on the optimistic side.
Airbnb I’ve been very bullish on before it even went public.
It has a slight rough start to the year but it seems to have found its step.
It had a clear double bottom on the daily and now is following a nice upwards trend and is now currently sitting at support
Implying, if Airbnb is able to hold these prices we could see this continue it’s way up and with earnings around the corner it would be very interesting to see what happens from here.
MACD flat.
RSI below 50.
Watchlist this.
Factor Four
ABNB Possible Breakout at Earnings Earnings could be the catalyst we need to break out above 175. I don't think the 4th is a coincidence. Very Bullish. Let me know your thoughts below.
Symmetrical Triangle - Watching closelyABNB forming a big symmetrical triangle but frankly looking quite bullish, will be looking for a breakout from this triangle (Broader Markets Permitting) - Just some support and resistance levels to keep an eye on along with some RSI-based supply and demand zones
- Sitting right on its 20-day EMA
- Bollinger Bands Squeezing (Not Pictured)
- Slight bullish hidden divergence on the RSI
- MACD cross on the hourly timeframe (See Chart Below)
PT1- $171.21
PT2- $172.46
PT3- $175.67 + Breakout
Liking this Ascending Triangle forming on ABNB.Liking this Ascending Triangle forming on ABNB.
Going to wait until earnings first to see what happens but could be a good one!
$ABNB Setting up a Breakout Trade$ABNB doing all the right things
* Volume drying up
* Candles tighting up
* Vol pattern looks solid
* Few more days below that supply line (orange bars) and this will turn into a very nice looking setup
Simple Daily analysis The chart says it all, shorter term down and longer term up. Don't over complicate thing.
ABNB swing/day trade ideaNASDAQ:ABNB Potential 3 bar play on the daily. Price holding demand zone... 3 target profits... locked in some profits along the way
Call 172.5 strike exp Oct 29
