eBay may rise to 57.50 - 58.70

Our pivot point is at 51.4.

Our preference

The upside prevails as long as 51.4 is support.

Alternative scenario

Below 51.4, expect 49.2 and 48.

Comment

The RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 51.8088 and 51.5529).

Supports and resistances

60 **

58.7 *

57.5 **

56.2

53.585 (USD-last)

52.2

51.4 **

49.2 *

48 **

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