Will ABNB drop between its support levels of $109 and $112?

By Forex Uy tín On Th5 10, 2023

Today’s instrument is the AirBnB Inc.’s stock traded in NASDAQ exchange under the ticker ABNB.

Looking at the ABNB‘s chart, we see that after an upward movement in the past days on the market’s positive earnings expectations, it reached the last traded price of around $127.

Last night, after the market closed, it announced worst-than-expected quarterly earnings with not a positive outlook, therefore today we should expect its price to drop between the two support levels of $109 and $112.