symmetrical triangleAirbnb I forming a symmetrical triangle on mh Weekly TF.
We wait until there's a breakout and possibly retest for a buy/sell signal
ABNB trade ideas
Airbnb Could Be Planning a Trip NorthLike millions of Americans, Airbnb has been cooped up for a long time. But now the room-sharing stock could be planning a trip north.
The first pattern on today’s chart is the 50-day simple moving average (SMA) climbing toward the 200-day SMA. At its current pace, a “golden cross” could take place within a week. That may suggest that the longer-term trend is turning positive. The 8-day exponential moving average (EMA) has also remained above the 21-day EMA for the last month.
Next is the downward-sloping trendline that’s held ABNB in place since November. Prices are now squeezing between this resistance and the 50- and 200-day SMAs below. Is a breakout coming?
Speaking of a potential breakout, Bollinger band width has narrowed to its tightest reading in three months. Such compression could be followed by price expansion.
That could be especially true when you consider conditions in the travel industry. Delta Air Lines jumped after issuing strong with strong guidance on April 13. (Notice ABNB’s high-volume candle the same day.) Yesterday also featured breakouts in hotel stocks like Marriott and Hilton , which saw heavy call activity on March 29 .
ABNB's earnings are due May 3 – four weeks before Memorial Day kicks off the summer holiday season.
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ABNB - is a breakup imminent?A break of this trendline was attempted in early April which failed but gave way to a higher low. It is showing strength relative to the overall market. Odds of breaking up has increased.
Looking to Long if it breaks above the trendline resistance @ 175.50 with initial stop loss @ 167.5
With market so volatile I would prefer to cut losses fast if trade does not pan out quickly.
If trade goes our way I will scale out partially @ 191 and then 207 (fib extensions of the AB swing up)
Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important!
ABNB shortDowntrend noted on daily.
Entry order placed on 50% retrace of full weekly candle, the 50% is an attempt to maximise the risk/reward ratio. If it doesn't get filled, no bother.
Stop at high of weekly candle.
Target at support suggested by weekly line chart.
Commentary by my son.
Airbnb might head into bullish trend Airbnb might head into bullish trend after testing current support levels:
Bearish Indicators:
1. Current support level of 162.56 is a weak support historically
2. Posting of a Higher Low at $162.56
Bullish Indicators:
1. Close to a Piercing Line formation at 162.56
TRADE PLAN A:
1. Look for Green candle formation on Monday
2. Buy between $163 - $167
3. TP1 at $176.53 as the next resistance line (sell 50%)
4. TP2 at $200 based on AB=CD projection
5. Keep adjusting SL along the way to maintain risk appetite of 2%/trade loss
TRADE PLAN B:
1. In case current resistance level of $162.56 is broken, watch for performance at following resistance levels
2. Based on candles formation, buy at $153.21 and follow strategy in Plan A
3. If $153.21 resistance level is broken, consider buying at $143.05 and follow strategy in Plan A
ABNB (Air BNB)Potential Adam and Eve DOuble Top.
Let's see where price is at by the time the Mac D goes tot he lower side.
Bears winning candle fight since March 29th.
Light sell volume kicking in on 4hr current candle.
ABNB Bearish It closes below the trend line in the last two trading days and we could see a possible downtrend and next support is at $140.
ABNB forming Head & Shoulder PatternABNB forming Head & Shoulder Pattern and now it's at 100MA and looks like strong resistance and we could see a pullback from there around $140
ABNB 15% upside with high convictionHigh conviction trade on ABNB. If it breaks resistance it can go higher on summer travel excitment.
AIRBNB - BULLISH SCENARIOAlthough the Covid-19 pandemic had a major impact on many companies, Airbnb's financial results are more than good.
The San Francisco, California-based company has an average target price of $ 205 based on 36 analysts' ratings.
The current level is a good entry point for a short-term long position with approximately 18% movement towards the first resistance
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nice bounce so far! ABNB bounced off strong support as expected, now looking for a break past 160.30 for continuation.
$ABNB with a Bullish outlook following its earnings #Stocks The PEAD projected a Bullish outlook for $ABNB after a Negative over reaction following its earnings release placing the stock in drift C.
15/3/2022 NSDQ ABNBDesicion to Short. Entry Price = $136.00. Target Price=$127.50. Stop Price=$144.50
(ABNP 12H) Grab an AIr BNB and chill AIR BNB is at the good ole .786 FIb level
We're looking to see if we can continue up towards previous high around $222.00
KEY LEVELS:
SUPPORT - $150.00
RESISTANCE - $180 AND $220
if we break below $150.00, looking to get in at $130
Happy trading
$ABNB heading to the gutter?$ABNB is putting in an inside day today and looking at its chart $130 is the line in the sand for it to hold. If it breaks that pivot a lot of pain will follow in this name.
RSI cross next week? ⍼ABNB stuck between strong support and resistance zones, most likely rallies to 176.61 before a pullback to 141.56.
like and follow for more! 💘
Will ABNB lose its high valuation after earnings on 15 Feb?Within the hotel and leisure industry, ABNB is very highly valued compared to the average. This stock is among the IPO group of the last two years, and many other companies have seen a sharp reduction in their stock price (lofty valuation) in recent weeks.
Technically, RSI went below 33.33 and should stall under 65 if more downside is coming. Price is in the 165-175 band of resistance and it is against the cloud.
Instead of trading around earnings with weekly puts, I will select a March expiry for stock to move lower with markets if there is broad selling. Buying 150 strike puts.
Airbnb Short Then Long With TimeAbnb reached 70 RSI a few days ago and is headed to lower lows with time. The MACD is beginning to show the buyers are slowing down which will allow for sellers to come in to possibly take the price back to the highest volume area of ~$149 area. I circled the support and resistance regions to show different profits for entry and exits if you are looking short term. If you are looking long term it looks like it will be a great buy once it reaches the ~165 region and below.
Airbnb posted strong results and potential bullish trendPotential bullish trend in Airbnb as result of strong earning indicates a come back in tourism after COVID impacts.
AIRBNB | Still Bearish Trend; Go Short.If you find this technical analysis useful, please like & share our ideas with the community.
What do you think is more likely to happen? Please share your thoughts in comment section. And also give a thumbs up if you find this idea helpful. Any feedback & suggestions would help in further improving the analysis.
Good Luck!
Disclaimer!
This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
Can we ding $180+ in wave-3?Liking $ABNB here, good play out even when the market was selling hard during last few weeks. Considering we're in wave-3, we have the potential to hit $180 or beyond. With earnings in next 5 days, this can get some quick attention!
What do you guys think?
Disclaimer: This is not a financial advise. Please make your independent decisions while making an investment.
AIRBNB SHORTcharts and lines
On the bottom side of a trend and rejected twice now.
Watch the trend and see if we can get to the top side, if not, I'd be short.
