eBay Inc., H4

On the four-hour chart, the price moves within the upward trend: at 40.61 and 42.09, Hammer candlestick patterns are observed, after the construction of which the quotes reversed and reached the resistance level of 44.28. In addition, a Stalled Pattern has formed on the chart, which is one of the varieties of the Three Advancing White Soldiers formation, confirming selling pressure. Around the resistance line 44.28 there is a Long-legged Doji candlestick figure, indicating uncertainty in the market.

eBay Inc., D1

On the daily chart, a graphical model of the Ascending triangle is observed, characterized by growing lows and horizontal highs. Hammer, Bull Engulfing Pattern, and Three Advancing White Soldiers candlestick patterns signal increased buying activity. Most likely, the price will continue its upward trend, and breaking 44.28 will become a catalyst for opening long positions with the targets of 45.52–46.69 and higher. After a consolidation below 42.09, the movement will continue to the area of 40.61–38.86.

Support and resistance

Support levels: 42.09, 40.61, 38.86.

Resistance levels: 44.28, 45.52, 46.69.

Trading tips

Long positions may be opened above 44.28 with the targets at 45.52, 46.69. Stop loss – 43.29. Implementation period: 7 days or more.

Short positions may be opened below 42.09 with the targets of 40.61, 38.86. Stop loss – 42.95.