eBay may rise to 59.00 - 60.30

Our pivot point stands at 51.8.

Our preference

As long as 51.8 is support look for 59.

Alternative scenario

Below 51.8, expect 49.6 and 48.3.

Comment

The RSI is above 50. The MACD is below its signal line and positive. The stock could retrace in the short term. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 53.3055 and 51.9681).

Supports and resistances

61.7 **

60.3 *

59 **

57.6

53.84 (USD-last)

52.6

51.8 **

49.6 *

48.3 **

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