eBay resumes decline - Analysis - 18-10-2018

Economies.com
2018-10-18 13:48PM UTC

eBay's stock returned lower with a 0.71% loss, or 0.23 points, with negative pressure from the 50-day SMA, coupled with the dominance of the downward correctional short-term trend as shown in the attached chart, countered with positive signals from the RSI. 

 

Therefore we expect more losses for the stock, as long as the resistance of 32.86 holds on, targeting the support of 31.04. 

 

Expected trend for today: Bearish 

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