eBay tries to vent off overbought saturation - Analysis - 16-10-2020

2020-10-16 09:21:54 GMT (Economies.com)
 

eBay's stock (EBAY) fell 1.88% in the last session on profit-taking while gathering momentum to help it rise anew as it vents off overbought saturation from the RSI, amid the dominance of the main upward trend in the medium term, with positive support from the 50-day SMA.

 

Therefore we expect the stock to return higher, targeting the pivotal resistance of 61.00, provided the support of 53.64 holds on. 

 

Expected trend for today: Bullish 

 
 
 
  Symbol Last Change Chg.%
1.1833
0.0054
0.4610%
1.3024
0.0037
0.2853%
Tadawul
8154.59
-312.66
3.69%
24.309
-0.465
1.875%
39.079
-1.863
4.551%
41.77
-0.87
2.04%
1897.720
-14.295
0.748%
 
 
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