Stocks

eBay tackles current resistance - Analysis - 15-02-2019

2019-02-15 13:56:10 GMT (Economies.com)

eBay's stock rose 0.17% in the last session, or 0.06 points, tackling the current resistance of 36.50, which represents the ratio 50% of Fibonacci retracement levels for a descending wave in the short term (from 46.99 to 26.01), with positive support from the 50-day SMA, while the RSI reached overbought levels. 

 

Therefore we expect more gains for the stock, especially if the resistance of 36.50, targeting the next one at 38.98, which represents the ratio 61.8%. 

 

Expected trend for today: Bullish 

More Analysis

Risk Disclaimer : Enzious Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Enzious Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.