Airbnb - Daily

Airbnb is scheduled to report earnings tomorrow, it's expected to report earnings of $0.20 on revenue of $1.79 billion.

Analysing Airbnb as it now may seem that the price has re-entered the bullish trend from the start of the year. Currently trading at around $121.23 a share, the price broke above the descending trendline suggesting there could be further upside. At present, resistance is sitting at $122.63 then at $125.95. A break above $125.95 could see a hike towards $130 and maybe even as high as $135-$140. Although that price target is more likely in the midterm. The support below sits tightly at $116.18 then at $112.05 (along the ascending trendline). A break below the trendline and $112.05 may see the price drop lower towards the major support at $107.70. Looking at the indicators, MACD is slightly positive and so is RSI as it reads 58. Airbnb is scheduled to report earnings tomorrow, it's expected to report earnings of $0.20 on revenue of $1.79 billion. Therefore, investors should be cautious when trading and investing as the release of earnings will have an influence on the price of its stock.