eBay holds ground due to current support - Analysis - 23-12-2021

Economies.com
2021-12-23 10:12AM UTC

eBay's stock (EBAY) rose in the intraday levels after the support of 63.28, representing the ratio 50% of Fibonacci retracement levels for an ascending wave in the medium term (from 45.35 to 81.17), coinciding with positive signals from the RSI after reaching oversold levels, amid the dominance of the downward correctional short-term trend. 

 

Therefore we expect the stock to return lower, targeting the next support at 59.04, representing the ratio 61.8% of the same retracement levels. 

 

Expected trend for today: Bearish

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