Could you do with a holiday? For Airbnb, there is a nice turquoise pool waiting below the support at $107.10, stretching between $105.87 and $89.00. Thus, the share should hop below $107.10 and dive into the bracing water to complete wave 2 in turquoise. Once refreshed, Airbnb should turn upwards and rise from the pool to continue the overarching ascent. However,...
If you haven`t sold at $148 when i warned you about the high valuation:
Then you must know that ABNB Airbnb will close its business in China because of strong competition with local operators.
My price target is still $95.
Looking forward to read your opinion about it.
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
