eBay tries to vent off oversold saturation - Analysis - 27-04-2017

eBay's stock (EBAY) rose in the intraday levels, scoring a fresh profit of 0.61% in the last session, or 0.20 points, while attempting to recover some past losses and vent off the oversold saturation apparent in relative power indicators, as the stock gets hurt by the negative Rising Wedge pattern, which formed in the short term, with ongoing negative pressure from the SMA for the last 50 days period. 

Therefore we expect the stock to return lower in the coming trading, targeting the support of 31.00, as long as the resistance of 33.18 holds on.