AIRBNB pulled back as expected. What's Next?AIRBNB pulled back as expected at the 61.8 extension. What is next? A pull back to trend line and 61.8 minor fib retracements? Or reversal back to the upside? Could this be a Put Option play?
ABNBD trade ideas
AIRBNBAirbnb raised $ 3.4 billion during its IPO at the end of 2020. Airbnb is a technology company that has brought home sharing in over 100,000 cities around the world.
During the pandemic, tourism came to a standstill, and companies like Airbnb were hit hardest, as all business is tied to travelers.
Due to world events, market participants no longer believed in Airbnb's IPO this year, but the company was able to.
At the moment, the price is moving above the middle of the ascending channel. The target is the line of resistance.
Best regards EXCAVO
ABNB Continuation WaveABNB is on the last leg of its elliot wave pattern, looking for a continuation upward wave to the 200 mark. Stocks generally find whole numbers as support or resistance. 200 seems like a very clear top for ABNB to reach near term. Its made consecutive higer lows and higher highs, i believe there is one more push up.
Does this worth the risk?We have seen nice gains in this particular stock price.
I think we will have some continuation if the major market does not crash.
There is a high chance for a breakout above the upper resistance, which is the most important trendline since it's IPO.
It is a high-risk high play so use stop-loss!!
That is why they call me Yoda :) $ABNB first retracement targetHello dear padawans. If you read my last analysis on ABNB (link below) you would know that a move to this level was expected. I will repeat what I wrote there: if you are in for the long term you can start scaling in here (not financial advise, just an idea). I am a buyer on the channel support.
Safe trades my friends!
Share the love:
If you get anything out of this TA, please like the chart so it moves up and others can benefit from my work. A simple click on the like button goes a long ways.
Follow for more:
I have an outstanding winning rate (check my other charts). If you want the best entry/exits just follow me, you won't regret. Thanks a lot!
***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
ABNB in a channelThis is Another request from a follower. ABNB wide swings after IPO created a clear ascending channel . I used the 4hr timeframe for this one because there is very little historical data to plot on the a daily chart . As you can see, the price fell about 10% in the last trading session. It found support on the 9-ema (where it is sitting now) and the 14-ema (check the lower shadow). MACD is curling down sharply as well as the Stoch . Below the 14-ema there is support around $161, which is in confluence with the 21-ema at the time of this writing. I am inclined to think the price will fall at least to that level. Depending on how it reacts there, it could revisit the channel support. I would only get into this one if the price moves to the bottom of the channel but if you are in it for the long term you could start scaling in from the $161 level (not financial advise, just a possible strategy to ponder about).
Safe trades!
Share the love:
If you get anything out of this TA, please like the chart so it moves up and others can benefit from my work. A simple click on the like button goes a long ways.
Follow for more:
I have an outstanding winning rate (check my other charts). If you want the best entry/exits just follow me, you won't regret. Thanks a lot!
***The ideas shared here are my opinion, not financial advise to place trades. Please do your own research before buying/selling stocks***
AirbnbWe've gone up from 120.00, I think we're due a short term retracement before going higher.
There are two patterns here;
- Ascending wedge
- Horizontal channel
Also the most recent thin candlesticks suggest selling pressure into the 180.00 range.
The next good ranges for accumulation could be:
- 160.00
- 140.00
- 120.00
DYOR!
James.
