eBay's stock rallied 3.64% in the last session to 73.99, after leaning on the support of the 50-day SMA, amid the dominance of the main upward trend in the medium and short terms, coupled with positive signals from the RSI after reaching oversold levels.
Therefore we expect more gains for the stock, targeting the pivotal resistance of 77.90, provided the support of 71.70 holds on.
Expected trend for today: Bullish
Gold price succeeded to achieve our waited negative target at 1770.00 and broke this level strongly to settle below it, opening the way to continue the decline towards the next negative target at 1735.00, noting that the continuation of the bearish wave requires holding below 1770.00.
The EURUSD pair closed the last four hours’ candlestick below 1.1780 level, which supports the continuation of the expected bearish trend for the upcoming period, and the way is open to visit 1.1700 mainly, noting that it is important to hold below 1.1780 as a first condition to continue the suggested decline.
Facebook's stock (FB) fell 0.69% in the last session amid negative signals from the RSI while gathering momentum to help it rise anew, as the stock trades within an ascending price channel in the short term, coupled with positive pressure from the 50-day SMA.
Therefore we expect the stock to return higher, targeting the resistance of 395.70, provided the pivotal resistance of 377.60 was breached.
Expected trend for today: Bullish