Stocks

eBay gathers positive momentum - Analysis - 21-03-2019

2019-03-21 12:32:50 GMT (Economies.com)

eBay's stock fell while settling above 36.50, representing the ratio 50% of Fibonacci retracement levels for a descending wave in the short term (from 46.99 to 26.01), while gathering momentum to help it rise anew, with positive signals from the RSI after reaching oversold levels. 

 

Therefore we expect more gains for the stock, as long as it settles above 36.50, targeting the next resistance at 38.98, which represents the ratio 61.8%. 

 

Expected trend for today: Bullish 

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