Airbnb (ABNB)

We all know Airbnb,
no matter where you are, by opening the app you will surely find accommodation.
This simple idea has led Airbnb to have a Market Cap superior to the most important and historic chains in the Hotel sector, such as Hilton, Marriot, or Accor.

The IPO that arrived in December 2020 immediately had a big boost after the first week of trading, as often happens.

Between February and March, we had a double top, followed by an important descent that ended in May, also accompanied by negative ROI and P / E below expectations, but obviously, data conditioned by what is happening in the world.

After the double low in July, I was expecting the break of the resistance trendline, which then took place on July 30th.

We are facing a possible trend reversal that will have to be confirmed by the breakout of the price level of $ 157.49.

As far as I'm concerned, this is not short-term trading, but a long-term investment.
I believe in the company, in its fundamentals, and in its growth.
Considering the global scenario, with a pandemic not yet completely overcome, for my portfolio, it was time to insert ABNB.

We are close to the Earnings, I intentionally entered first with a part of the investment. Should the price fall, the important levels to buy are $ 130 and $ 121.

For those interested in medium-term speculation, the levels where to take profit in my opinion are:

- $ 170
- $ 190
- $ 216

A few important statistics as of August 8, 2021:

Short Float: 5.16%
Average analyst target price: $ 173.68
RSI (14): 60.57
Performance Half Y: -23.20% (last very important figure, considering the potential of the company, let's always remember the words of Warren Buffett: Try to be greedy when others are scared, and scared when others are greedy).


Lazy Bull