| Scenario | |
|---|---|
| Timeframe | Weekly |
| Recommendation | BUY STOP |
| Entry Point | 68.80 |
| Take Profit | 71.88, 75.00 |
| Stop Loss | 66.25 |
| Key Levels | 53.12, 56.25, 62.50, 68.75, 71.88, 75.00 |
| Alternative scenario | |
|---|---|
| Recommendation | SELL STOP |
| Entry Point | 62.45 |
| Take Profit | 56.25, 53.12 |
| Stop Loss | 65.10 |
| Key Levels | 53.12, 56.25, 62.50, 68.75, 71.88, 75.00 |
Current trend
Shares of eBay Inc., an American online retail company, are rising within a long-term upward trend. The price grew to the reversal mark of 68.75 (Murrey level [6/8]). The consolidation above will allow it to reach the area of 71.88 (Murrey level [7/8]) and 75.00 (Murrey level [8/8]). In case of a breakout of the central mark of the Murrey trading range 62.50 (Murrey level [4/8]), supported by the lower line of Bollinger Bands, a decrease in the quotes to the area of 56.25 (Murrey level [2/8]) and 53.12 (Murrey level [1/8]) may follow.
Technical indicators confirm the continuation of the upward trend: Bollinger Bands and Stochastic are reversing upwards, and the MACD histogram is falling in the negative zone.
Support and resistance
Resistance levels: 68.75, 71.88, 75.00.
Support levels: 62.50, 56.25, 53.12.
Trading tips
Long positions may be opened above 68.75, with the targets at 71.88, 75.00, and stop loss 66.25. Implementation period: 5–7 days.
Short positions may be opened below 62.50, with the targets at 56.25, 53.12, and stop loss 65.10.
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