eBay tries to recoup losses - Analysis - 06-08-2019

eBay's stock rose in the intraday levels amid an attempt to recoup past losses and vent off oversold saturation in the RSI, while trespassing the 50-day SMA support, doubling pressures. 

Therefore we expect the stock to return lower, especially if the support of 38.90 was breached, targeting the next one at 37.50. 

Expected trend for today: Bearish