Today’s instrument is Expedia Group Inc.‘s stock traded on the Nasdaq exchange under the ticker EXPE.
When we look at the EXPE ‘s chart, we can see its fall from the $188 level on the 23rd of April to the $182 briefly and rose again to the $188 level, but it failed to move higher leading to the retraction to the $180 range, finding support at the $170. It was last found trading at the $174.65, having overhead resistance in the $180 range.
Expedia Group Inc. had scheduled a quarterly earnings announcement yesterday 02/05/2022, in an after-hours session. It reported better EPS than expected and the Revenue was as expected.
Today we can expect a move above the $180 closest resistance level, possibly in the $184 range.
If however, it doesn’t manage to hold on to the current level then a move towards and below the $170 closest support level can be expected.
(Click on image to enlarge)
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