eBay tries to vent off oversold saturation - Analysis - 05-12-2019

eBay's stock rose in the intraday levels while venting off oversold saturation in the RSI, with positive signals from the RSI, marking a cautious profit of 0.63%, amid negative pressure from the 50-day SMA, while settling below 35.85, representing the ratio 38.2% of Fibonacci retracement levels for an ascending wave. 

Therefore we expect the stock to return lower, targeting the next support at 33.97. 

Expected trend for today: Bearish