eBay tries to correct downward trend - Analysis - 08-11-2018

eBay's stock fell in the intraday levels after attempting to correct the main downward short-term trend, while trading alongside the trend line as shown in the attached chart, marking a final loss of 0.30%, or 0.09 points, with negative pressure from the 50-day SMA, while a negative divergence formed in the Stochastic indicator as shown below the attached chart. 

Therefore we expect more losses for the stock, as long as the resistance of 31.30 holds on, targeting the support of 27.34. 

Expected trend for today: Bearish