Current trend

Shares of eBay Inc., an American online retail company, are rising within a long-term upward trend. The price grew to the reversal mark of 68.75 (Murrey level [6/8]). The consolidation above will allow it to reach the area of ​​71.88 (Murrey level [7/8]) and 75.00 (Murrey level [8/8]). In case of a breakout of the central mark of the Murrey trading range 62.50 (Murrey level [4/8]), supported by the lower line of Bollinger Bands, a decrease in the quotes to the area of ​​56.25 (Murrey level [2/8]) and 53.12 (Murrey level [1/8]) may follow.

Technical indicators confirm the continuation of the upward trend: Bollinger Bands and Stochastic are reversing upwards, and the MACD histogram is falling in the negative zone.

Support and resistance

Resistance levels: 68.75, 71.88, 75.00.

Support levels: 62.50, 56.25, 53.12.

Trading tips

Long positions may be opened above 68.75, with the targets at 71.88, 75.00, and stop loss 66.25. Implementation period: 5–7 days.

Short positions may be opened below 62.50, with the targets at 56.25, 53.12, and stop loss 65.10.