Airbnb, Inc.

$ABNB- Time to Sell or Time to Buy More?

656
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.

Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.