Looks like Airbnb, Inc. (ABNB) can easily print a bullish move. We have higher lows since late June. It can just as easy go down if it breaks below the early November low. Likely to go higher though since December is coming/holidays and people travel and rent a lot. The immediate resistance is set at 99.9. The easy target is 111.11 The potential target range...
What we can see in the chart is a double top formation. The price broke already below the neckline, however the target has not been reached yet. The price bounced back up and is getting rejected from the previous support. Therefore we are expecting the price to continue the downtrend and reach the target from the double top formation.
Not financial advice. The essence of investing & trading is the intelligent and patient preying on the greed, fear, impatience, addiction and ignorance of the majority. It's definitionally Darwinian.
The Head and shoulders pattern is considered one of the most reliable trend reversal patterns.
Some thoughts on $ABNB. I've noticed something. Many Airbnb owners are selling their apartments, well there are many reasons for that inflation, and house values rapidly going down like all other real estates. Fewer and fewer people have been booking Airbnb, I'd estimate over 50% crash in bookings so far! Insiders have sold a shit ton as well....
Cramer says it's a buy! Rising Wedgeish, if this breaks down. It'll hit 105. Maybe 100 to fill that gap.
Airbnb Short Term We look to Sell at 118.71 (stop at 125.98) Preferred trade is to sell into rallies. Selling continued from the 78.6% pullback level of 117.21. The medium term bias remains bearish. Trading has been mixed and volatile. Our profit targets will be 102.40 and 100.10 Resistance: 119.00 / 124.00 / 136.50 Support: 100.00 / 91.01 / 87.00 ...
AIRBNB reported on Tuesday the earnings report. The results were more than satisfactory. The EPS forecast was beaten by more than 25%. The forecast was for 0.4467 and the actual 0.56 Also, ABNB announced a 2 billion stock buyback From a technical perspective, the price is at the major resistance level. The price is expected to get back into the price channel...
Left Shoulder of this Inverse H&S has formed along middle downtrend The Head has formed along the bottom downtrend The right shoulder is yet to form, but I have plotted what the potential movement will look like with a double curve
After ER I expect a move to the downside pretty agressive towards previous lows at 120's-130's. I'll buy in long term portfolio gladly at these levels.
Hello Friends! AirBnB had a great earnings report and seems to be leading the way in travel. There might be a good trade in the works to break to the upside (wedge breakout) to it’s 1st resistance of $174.52. If it can hold above that level, I think it might have some steam to go after $189.41 and $204.96. These days good news can flip to bad news overnight,...
ABNB net loss was $18.8 million, or 3 cents a share, higher than the loss of 25 cents a share Wall Street analysts were expecting. Revenue up 70% YoY to $1.51 billion vs $1.45 billion expected. But i still don`t understand where that 94.879Bil market capitalization comes from. Since its IPO the company wasn`t profitable and it is still valued at 95Bil. Pure...
Although 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...
Following weekly chart. According to my RSI strategy, it's time to re-buy airbnb. Summer is coming, countries started to lift restrictions. Time to go again! TP 206.2 SL 142 - please wait weekly close candle.
Even though in the pre-market the price is higher, i think that the $183 resistance is fair valuation right now. Revenue: $1.53 billion vs $1.46 billion expected Adj. EPS: $0.08 vs $0.03 expected Gross bookings: $11.3 billion vs $11.09 billion expected
Great company Chart explains itself and I believe this one will be continued to go on discount in the following years but is one of the best stocks to pick up for the future of travel!
If you find this technical analysis useful, please like & share our ideas with the community. Coming to the technical analysis of AIRBNB , I think we still going to see a downward movement. If you are going to go short, make sure to place the stop above the previous resistance area . What do you think is more likely to happen? Please share your thoughts in...