eBay may rise to 57.80 - 59.10

51 is our pivot point.

Our preference

As long as 51 is support look for 57.8.

Alternative scenario

The downside breakout of 51 would call for 48.9 and 47.7.

Comment

The RSI is above its neutrality area at 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 53.516 and 52.2945).

Supports and resistances

60.4 **

59.1 *

57.8 **

56.5

53.72 (USD-last)

51.8

51 **

48.9 *

47.7 **

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