eBay ends cautiously higher - Analysis - 05-09-2018

eBay's stock rose in the short term, after the support of 33.25 held on, representing the ratio 50% of Fibonacci retracement levels for an ascending wave in the medium term (from 19.50 to 46.99), while venting off oversold saturation in the Relative Strength Index, amid negative pressure from the 50-day SMA. 

Therefore we expect the stock to return lower, as long as the resistance of 36.49 holds on, targeting the support of 33.25. 

Expected trend for today: Bearish