ABNB fractalFound the PA going on with ABNB to be similar to what happened with ZM early on. Earnings coming up next week. Keeping a close eye on this one.
ABNB trade ideas
ABNB with a double bottom pattern?!Airbnb!! This might indicate the beginning of a reversal! The only thing issue regarding this analysis is that, it would have been better if the distance from the 2 bottoms were more than 3 months. Besides this, it looks pretty clean! And i'm liking this 0.786 region.
$ABNB - Major Buy Zone! -4 HR Timeframe
-Inverse Cup and Handle
-MACD = above signal
-RSI = Sexy af and room to run
-Price targets labeled
-Set S/L (stop loss) at $119.61
Calls:
$145c 8/6 (3.00)
$148c 8/6 (2.00)
$155c 8/6 (0.69)
ABNB Breaking Trendline channelABNB need to break the trend line on the the top of the channel and close above to confirm an upward move.
US - Airbnb - July 2021- currently forming inverse cup and handle pattern.
- currently in the middle, either going to break trend resistance or break trend support.
- eventhough rebound at support, DMI and STOCH (weekly) is currently moving downward direction.
- bearish signal is stronger
- wait for break support to Short, wait for break resistance to Long.
*Fundamental Tips:
- Covid's Delta varian is spreading rapidly.
"Market is always right"
$ABNB | Double Bottom and Bullish Channel ABNB is trading within a bullish falling channel. Watch for a breakout of the channel for longs.
If we break the key pivot at ~141 then target $145 | $150 | $155
ABNB - Hitting the Potential Support!-Normally S1 at around $130 would be great support but still hasn't proved itself. For mid and long-term investors like us, this is a dip price to buy of course but for short-term retail investors, a buy signal hasn't formed yet.
-There is still a potential to drop to S2 at around $120.
-For long-terms, buy the dip guys, short-terms should wait!
Where are the positive catalysts?Very short look at the chart so could be wrong, but there's definitely more bad than good about ABNB.
- High valuation
- possible head and shoulders pattern... watch the 131 level... if it breaks, short
- delta variant (???)
- recent-ish IPO, so volatile
- in a downtrend
- not a meme stock, which means there isn't even meme crowd support for it... but good because most meme stocks are fundamentally stupid
The only good news that could be coming is from earnings, which I think will be good. This summer has been packed with a lot of travel, but Fall/Autumn is not too far away so travel will slow down.
$AAPL $ABNB $MSFT $SHOP I OptionsSwing WatchlistAAPL 1D I After catching the break to the upside on AAPL, it seems a bit overextended. Our price target is near $155, the RSI is already showing a bearish divergence.
ABNB 1D I Expecting a run up into earnings on 08/12. $130 has to hold or it could flush. Watching for a possible reversal with volume around this area.
MSFT 1D I MSFT has been trading within a channel since the end of 2020. A bearish divergence is present and a pullback is expected soon.
SHOP 1H I Watching above $1,450 for calls, and below $1,425 for puts. Risky plays as it leads into earnings. We are seeing a possible bull flag or descending H&S.
Ascending Triangle Forming- BullishPotential ascending triangle forming on ABNB- will be watching closely for a breakout.
- Bullish divergence on the RSI, buyers starting to step in
- Bollinger Bands are squeezing
- Potential for a double bottom around the 137 level
PT1- 140.50$
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.
