Solid News

eBay Inc., Technical Analysis

12/30/2022 10:10 AM

Stocks of the American Internet retailing company eBay Inc. are correcting around 42.00.

On the daily chart, the price is holding above the resistance line of the global downwards channel with dynamic boundaries at 40.00–30.00, and after the expected retest, it reverses upwards.

On the four-hour chart, a local correction is still developing within the Flag trend continuation pattern, and after consolidation pf the price above 43.00, the global growth can continue until reaching the target resistance of 47.00.

Technical indicators are ready to turn around and give a buy signal: fast EMAs on the Alligator indicator are consolidated below the signal line, and the AO oscillator histogram, being in the sell zone, forms corrective bars.

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