eBay leans on SMA support - Analysis - 20-08-2019

eBay's stock fell in the intraday levels and leaned on the support of the 50-day SMA in an attempt to gather momentum to bolster it higher, amid the dominance of the main upward trend in the medium and short terms, with positive signals from the RSI. 

Therefore we expect the stock to return higher, provided the support of 38.90 holds on, targeting the pivotal resistance of 41.95. 

Expected trend for today: Bullish