eBay may rise to 63.40 - 64.70

Our pivot point is at 56.9.

Our preference

The upside prevails as long as 56.9 is support.

Alternative scenario

The downside breakout of 56.9 would call for 54.8 and 53.5.

Comment

The RSI is above 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is trading above both its 20 and 50 day moving average (respectively at 56.47 and 54.762).

Supports and resistances

66 **

64.7 *

63.4 **

62.1

59.01 (USD-last)

57.8

56.9 **

54.8 *

53.5 **

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