eBay may rise to 57.00 - 59.00

Pivot

50.80

Our preference

Long positions above 50.80 with targets at 57.00 & 59.00 in extension.

Alternative scenario

Below 50.80 look for further downside with 49.25 & 46.50 as targets.

Comment

The RSI is bullish and calls for further upside.

Supports and resistances

60.00

59.00

57.00

54.41 Last

50.80

49.25

46.50

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