eBay amid negative pressures - Analysis - 28-01-2020

eBay's stock rose 0.34% in the last session amid negative signals from the RSI, while settling below the resistance of 35.86, representing the ratio 38.2% of Fibonacci retracement levels for an ascending wave in the medium term (from 25.98 to 41.96), while touching the resistance of the 50-day SMA. 

Therefore we expect the stock to return lower, targeting the next support at 33.97, representing the ratio 50%. 

Expected trend for today: Bearish