eBay may fall to 47.20 - 48.50

54.6 is our pivot point.

Our preference

Target 48.5.

Alternative scenario

The upside breakout of 54.6 would call for 56.7 and 57.9.

Comment

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the stock is trading under its 20 day moving average (53.357) but above its 50 day moving average (52.4721).

Supports and resistances

57.9 **

56.7 *

54.6 **

53.7

52.87 (USD-last)

49.7

48.5 **

47.2 *

46 **

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