eBay pierces important support - Analysis - 19-01-2022

eBay's stock fell 2.90% in the last session, piercing 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), settling at 61.61, amid negative signals from the RSI despite reaching oversold levels, with negative pressure from the 50-day SMA.

Therefore we expect more losses from the stock, targeting the next support at 59.04, representing the ratio 61.8% of the same retracement levels.

Expected trend for today: Bearish