eBay shakes off negative pressure - Analysis - 05-06-2023

eBay's stock surged in the intraday levels, after leaning on the support of the main upward medium-term trend line, lending it positive momentum that helped the stock mark a strong profit of 2.61% in the last session, or 1.13 points, and settling at 44.39, amid positive signals from the RSI, managing to trespass the resistance of the 50-day SMA, shaking off its negative pressure.

Therefore we expect more gains for the stock, targeting the first resistance of 46.25, provided the support of 42.50 holds on.

Expected trend for today: Bullish