Solid News

eBay Inc., Technical Analysis

11/22/2022 10:33 AM

Shares of eBay Inc., an American online retailer, are now correcting at 45.00.

On the daily chart, the price consolidated above the resistance line of the global downward channel with dynamic boundaries at 44.00–33.00 and is forming a local correction, completing the necessary retest of the broken level.

On the four-hour chart, a local correction is developing within the Flag trend continuation pattern, and if the initial correction level of 23.6% Fibonacci around 47.20 is broken, the global growth will continue to the basic correction of 38.2% Fibonacci around 53.60.

Technical indicators have reversed and are holding a stable buy signal: fast EMAs on the Alligator indicator are above the signal line, and the AO oscillator histogram forms upward bars in the buying zone.

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