Airbnb (ABNB) stock price recorded cautious gains in its latest intraday trading, as the stock attempts through this rise to recover part of its previous losses, while also trying to relieve part of its clear oversold condition on the Stochastic indicators, especially with the beginning of a positive crossover appearing on them, amid continued negative pressure from trading below its 50-day SMA, which the stock had broken below after a series of consecutive losses, keeping the negative outlook intact in the near term.
Therefore we expect the stock price to decline in its upcoming trading, especially as long as it remains below the $136.00 resistance level, targeting the $127.00 support level.
Today’s price forecast: Bearish
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