Airbnb extends losses - Analysis - 01-07-2022

Airbnb's stock (ABNB) declined 5.16% in the last session, or 4.95 points, settling at 89.08, with trading volumes surpassing 9 million shares, below 10-day averages of 10.8 million shares, amid the dominance of the main downward trend in the short term, with negative pressure from the 50-day SMA, piercing the current support of 92.09, with negative signals from the RSI.

Therefore we expect more losses for the stock, targeting the first support at 80.40, provided it settles below 92.09. 

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Expected trend for today: Bearish