$ABNB- Time to Sell or Time to Buy More?
Option 1 (Orange):
ABNB is forming a wedge formation and is likely to breakout soon, possibly past that $216 resistance level.
Option 2 (Red):
ABNB has formed the bearish triple top pattern and is likely to fall further, possibly to that $140 zone, before turning to the upside.
Option 3 (Blue):
ABNB is forming a new uptrend after seeing growth too steep to hold in the weeks following the IPO.
My Outlook:
I think that Airbnb has enormous potential as a company, especially as we climb back from this pandemic. The vaccines are out, and a huge number of Airbnbs and Vrbos have been booked for this summer. Personally, I would say option one is the most likely outcome, but I am also wary of that triple top formation. If it breaks that bottom support trendline this could potentially fall all the way to $140.
ABNB is forming a wedge formation and is likely to breakout soon, possibly past that $216 resistance level.Option 2 (Red):
ABNB has formed the bearish triple top pattern and is likely to fall further, possibly to that $140 zone, before turning to the upside.Option 3 (Blue):
ABNB is forming a new uptrend after seeing growth too steep to hold in the weeks following the IPO.My Outlook:
I think that Airbnb has enormous potential as a company, especially as we climb back from this pandemic. The vaccines are out, and a huge number of Airbnbs and Vrbos have been booked for this summer. Personally, I would say option one is the most likely outcome, but I am also wary of that triple top formation. If it breaks that bottom support trendline this could potentially fall all the way to $140.
منشورات ذات صلة
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.