eBay may fall to 48.50 - 49.70

Our pivot point stands at 55.9.

Our preference

Under pressure below 55.9.

Alternative scenario

The upside breakout of 55.9 would call for 57.9 and 59.1.

Comment

The RSI is below 50. The MACD is below its signal line and positive. The MACD must penetrate its zero line to expect further downside. Moreover, the share stands below its 20 and 50 day moving average (respectively at 53.5225 and 53.2894).

Supports and resistances

59.1 **

57.9 *

55.9 **

55.1

53.12 (USD-last)

50.8

49.7 **

48.5 *

47.4 **

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