AIRBNB (ABNB) Target reached and Updates
After pulling out to the $ 144 level in August after the important double low in July, Airbnb continued its bullish trend, which ended on a stunning post-Earnings Friday, where the price opened with a major upside GAP for then close above $ 200.
Once the first two targets I had indicated have been pulverized (go and see the last post on AIRBNB), ABNB closes above the psychological threshold of $ 200 and for those who had taken a cue from my idea of August, today would have made a profit of over 39% in about 2 and a half months, not bad.
For those who, like me, want to keep the title in their portfolio for a long time, we have numerous levels to be able to accumulate:
– the trendline that has been created, for now with two points of tangency, but which obviously represents an important reference point.
– 171.50 $ important volumetric level
With the resumption of tourism, business travel, I do not think the price will return below this level, but if something extremely serious happens at the macroeconomic level, the POC in the $ 150 zone is the ideal level.
In the short-medium term, a general profit-taking and a violent pull-back in the $ 185 area is possible, but the target remains $ 215, as indicated by me previously.
I won’t dwell on the strength and goodness of the company, if you want to know my general analysis, go and read my August article. I can only confirm that in my opinion, Airbnb is a company destined to grow over time, which is why it is one of the 10 stocks that make up my long-term portfolio.
DISCLAIMER: I am not a financial advisor nor a CPA. These posts, videos, and any other contents are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.