- Ebay reversed from support level 87,50
- Likely to rise to resistance level 94.20
Ebay recently reversed up from the support area between the support level 87,50 (low of the previous wave A from the start of September) and the lower daily Bollinger Band.
The support level 87,50 was strengthened by the 50% Fibonacci correction of the previous sharp upward impulse 5 from June and by the support trendline from April.
Given the clear daily uptrend, Ebay can be expected to rise to the next resistance level 94.20 (which stopped earlier waves B and ii).
By the FxPro Analyst Team
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Penafian
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.