Solid News

eBay Inc., Technical Analysis

8/25/2022 11:03 AM

The shares of eBay Inc., an American online retailer, are correcting around 44.00.

On the daily chart, the price, having left the limits of the narrow downwards channel with dynamic boundaries 38.00–45.00, is kept above it, despite the test of the previously passed resistance level.

On the four-hour chart, it can be seen that if the trading instrument returns to the channel, there is a high probability that the decline will continue and reach the year’s low at 40.90. Otherwise, the price will reverse at the resistance line and head towards the initial Fibonacci 23.6% retracement at 50.20.

Technical indicators have reversed and are preparing to give a sell signal: fast EMAs of the Alligator indicator crossed the signal line downwards, and the histogram of the AO oscillator moved into the sell zone.

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