Scenario
Timeframe	Weekly
Recommendation	BUY STOP
Entry Point	62.55
Take Profit	65.62, 68.75
Stop Loss	60.40
Key Levels	53.12, 56.25, 59.38, 62.50, 65.62, 68.75

Alternative scenario
Recommendation	SELL STOP
Entry Point	59.35
Take Profit	56.25, 53.12
Stop Loss	61.80
Key Levels	53.12, 56.25, 59.38, 62.50, 65.62, 68.75

Current trend

Since the beginning of the month, shares of eBay Inc., an American online retail company, have resumed growth within the upward trend and reached the central mark of the Murrey trading range of 62.50 (Murrey level [4/8]), supported by the middle line of Bollinger Bands, after breaking through which the movement will continue to the area of ​​65.62 (Murrey level [5/8]) and 68.75 (Murrey level [6/8]). In case of a breakdown of 59.38 (Murrey level [3/8]), the quotes will likely test the targets of 56.25 (Murrey level [2/8]) and 53.12 (Murrey level [1/8]).

Technical indicators do not give a single signal: Bollinger Bands are reversing downwards, the MACD histogram is decreasing in the negative zone, and Stochastic has entered the overbought zone, not excluding a downward reversal.

Support and resistance

Resistance levels: 62.50, 65.62, 68.75.

Support levels: 59.38, 56.25, 53.12.

Trading tips

Long positions may be opened above 62.50, with the targets at 65.62, 68.75, and stop loss 60.40. Implementation period: 5–7 days.

Short positions may be opened below 59.38, with the targets at 56.25, 53.12, and stop loss 61.80.