IBM rallies - Analysis - 20-07-2018

eBay's stock surged in the intraday levels, piercing thereafter the resistance of 147.41 and marking a fresh profit of 3.27% in the last session, or 4.72 points, while getting buoyed by a positive pattern that formed in the short term, the Falling Wedge pattern, with positive pressure from the 50-day SMA. 

Therefore we expect more gains for the stock, as long as it settles above 147.41, targeting the resistance of 152.65.