eBay may fall to 57.50 - 58.90

Our pivot point stands at 66.2.

Our preference

Target 58.9.

Alternative scenario

The upside breakout of 66.2 would call for 68.6 and 70.1.

Comment

The RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is below its 20 day moving average (65.585) but above its 50 day moving average (62.1778).

Supports and resistances

70.1 **

68.6 *

66.2 **

65.2

63.32 (USD-last)

60.4

58.9 **

57.5 *

56.1 **

Number of asterisks represents the strength of support and resistance levels.