WHAT TO EXPECT? ABNB

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The expected listing of Airbnb has prompted many traders to focus on the Californian giant.
The offer that started below $ 50 saw prices reach $ 150 on the first day of trading and then retrace following the sale of speculators who liquidated their positions.
Although correctly assessing the current fair value of Airbnb for a short-term price hypothesis, there remain major doubts about the evolution of the tourism offer in the coming months / years.
At present, also considering the reduction in trading volumes, it remains more likely that volatility will gradually decrease and prices will enter a horizontal channel waiting for the market to give more evident signals.
According to the latest estimates, the current price is not consistent with the company analysis, so a slow decline towards $ 100 would not be surprising.
Only high push above $150 could change our expectations.
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