eBay climbs within descending correctional price channel - Analysis - 18-07-2018

eBay's stock (F) rose in the intraday levels, after hitting an intraday low at 37.32, bouncing off it higher and turning the losses into gains before the close, while touching the resistance of the 50-day SMA anew, scoring a profit of 0.21% in the last session, or 0.08 points, while trading within a descending correctional price channel that guided recent short-term trading, as the RSI reached extremely overbought levels compared to the stock's movements. 

Therefore we expect the stock to return lower, especially if it settles back below 37.48, targeting the support of 35.56.