Current trend

Shares of eBay Inc., an American online retail company, are growing within a medium-term upward trend. The quotes have left the main Murrey trading range and are moving in the upper reversal zone, periodically testing the 65.62 level (Murrey level [ 2/8]). After consolidation above, the price may reach 68.75 (Murrey level [7/8], W1). In case of a breakdown of the upper mark of the Murrey trading range 62.50 (Murrey level [8/8]), supported by the middle line of Bollinger Bands, a return of the quotes to the area of ​​59.38 (Murrey level [6/8]) and 57.81 (Murrey level [7/8]) is likely.

Technical indicators reflect the continuation of the upward trend: Bollinger Bands are directed upwards, and the MACD histogram is stable in the positive zone. Stochastic reversed downwards, allowing a limited decline.

Support and resistance

Resistance levels: 65.62, 68.75.

Support levels: 62.50, 59.38, 57.81.

Trading tips

Long positions may be opened above 65.62, with the target at 68.75 and stop loss 63.55. Implementation period: 5–7 days.

Short positions may be opened below 62.50, with the targets of 59.38, 57.81 and stop loss 64.70.