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)