ABNB daily bullish hammer at local pivot highABNB daily bullish hammer at local pivot high gotta be quick possibly wave 4 of downtrend. Moved my stop loss to $105.02 after this day bullish candle.
ABNB trade ideas
ABNB: Inverse head and shoulders on close watchABNB
What a beautiful and clean inverse head and shoulders on ABNB.
Technically we just broke the neckline (dotted line), if we close above it today, the pattern will be confirmed with a target between $153 and $161.
This one is a bit tricky though as there are some resistances ahead:
-The horizontal resistance at 130
-The down trend line connecting all the previous highs since November.
A positive note is that the stock has not followed the overall market the last few days. Could ABNB be benefiting from rent inflation? Possibly.
I will long the stock above $130. First target will be $147.
Keep it on your watch list.
Trade safe.
AirBNB Triangle/Squeeze.Just observations mostly...
Here we have multiple trendlines for references, simply put we are in a Triangular Squeeze, previously we had weekly bearish divergence from the RSI and the price has dropped as you can see. To be honest I can't make heads or tails in terms of direction, but if this a Falling wedge? You guys are in Trouble. Keep a look out because "The pole" to this flag is long..., Only thing that is interesting is the TTM Squeeze is pulling up which is good for for a situation where the price action has been horizontal, let alone in a triangle.
ABNB - Inverse Head & ShouldersABNB has completed the formation of an invert H&S bottom and looks to be on the verge of breaking up. Will it happen?
When it does breakup, it is normal for the stock to retrace after a few days to retest near the neckline (which ideally should then become the new support). If and when this happens, it will present a 2nd opportunity to stake.
Theoretical Target will be the distance between the lowest point (head) of the pattern to the neckline, and then projecting this same distance up from the neckline (ie around 165).
Let's see if this trade will work out!
Disclaimer: 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! Take care and Good Luck!
Inverse head and shoulders - cup and handleABNB held strong when the market sold off on 13.09.
Now it's sitting at its one-month high, which is also the baseline of the inverse "Head and Shoulders" pattern and VAH (Value Area High).
Stocks tend to cut through low-volume zones quickly.
These are bullish signs, but the coming days will be critical as indices have a big impact on the movements of individual stocks.
If the overall market rises, there is a good chance of a breakout (above).
But, please note that the RSI is almost overbought, so the upside room is limited.
Resistance: 135.47, 143.88
Support: 116.05
AIRBNB - Inverted Head & ShouldersMeasured move IF the inverted head & shoulders does in fact play out...
All going to depends on general market sentiment going forward here otherwise we go visit the lows again
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Abnb Right shoulder was made neckline was been tested of course only once so days from now we will have further answer. I did have sell limits at the neckline for 1/2 of my postion which I took the profits on. Now I will wait to see a flag or rejection over coming days and weeks. If we reject we could form soemthinf bigger or bearish so I will be on the sidelines on this until we can reclaim support above yellow neckline. Great trade if you took this with me. The remainder of postion I will hold for now until we get a clearer response.
Abnb Saw that right shoulder form now headed to neckline potentially. That would be 126.50 area. If we tap that and can actually push through and hold above that would confirm a neckline breakout. We will need to see solid support on that neckline. I do play that idea lasts time I posted with stops below the flat support of the right shoulder. Hope others saw that and played with me. Will take some profits at 126 area but let some ride
Abnb Could be forming an inverses head and shoulders. Per technical analysis and proper positioning we don’t want to speculate long and just hop in a postion. You can of course try this with proper risk managmebt upon the right shoulder being formed as it looks to be, Howver from a risk to reward level we should wait for some candle closes. Preferably a daily candle body flat or mulple closes above 127$. This could target us up towards 160s for the targeted move. If this plays out would be an excellent position with proper stoploss upon entry.
ABNB hot air? 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
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ABNB Short Term Breakout?After ER crush, ABNB rebounded to pre-ER price within 2 trading sessions. In my prior post, I notified a triangle consolidation that led to a big breakout. My bearish macro bias led me to believe the consolidation would lead to a breakdown. I was wrong.
There are monkeypox outbreak FUD shuffled with various negative macroeconomic news making rounds in the media. Without paying attention to the news cycle and judging by this chart alone, it appears a breakout is forming (in sympathy with EXPE's equally great ER). I do not see any resistance to $125-ish. I currently hold shares only and may try to catch some % of the upside tomorrow 8/5/2022 with calls. My outlook is bullish very short-term.
AIRBNB - BULLISH SCENARIO 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 with 1st resistance located at 0.618 Fibonacci or $133-$134
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Ive been watching thisI didnt have the guts to pull the trigger on this yet ahead of ER. Now that AAPL and AMZN are out of the way its something I want to try and lotto before ER. I think this should have a pretty sizable move from here. Er's are a coin flip but the way the market has been treating bad ER's seems like expectations are so low that things are priced in, at least for now. Tomorrow may be good for a Friday scalp. Bulls will want to push this above last week's high and close above it. Market can get extended on this next push so use caution. But if you can scalp the move tomorrow, if/when it happens, then you will be able to pay for next week's calls as a lotto. At least, that's what I am going to try and do. Its risky for sure because the sector ABNB is in more exposed to inflation, wars, COVID but I think if you execute correctly it could be a nice trade setup.
ABNB reversing?I like the company overall.
And it just hit an all time low. I already own a lot of shares, so i am interested in averaging my position.
I have 2 different strategies or entries.
1- Above 98
2- At 87.60 (lows)
Ideally we should wait for a break of the trendline.
But it is looking like we just made a new lower high, so it could be reversing already
