eBay adds to gains - Analysis - 07-05-2021

eBay's stock rose 1% in the last session with positive signals from the RSI after reaching oversold levels, retesting the main upward trend line that was pierced recently, while touching the resistance of the 50-day SMA.

Therefore we expect the stock to return lower, targeting the support of 53.65, provided the resistance of 60.40 holds on.

Expected trend for today: Bearish