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

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