eBay rallies - Analysis - 25-05-2016

eBay's stock surged in the intraday levels, scoring a profit of 2.51% in the last session, or 0.59 points, as the stock tries to correct the main downward medium-term trend, while being hurt by exiting an ascending price channel that limited its previous short-term movements, touching eventually the resistance of the SMA for the last 50 days period, as relative power indicators reached extremely overbought levels compared to the stock's own upward movement. 

Therefore we expect the stock to return lower in the coming trading, targeting the support of 22.88.