Solid News
eBay Inc., Technical Analysis
1/31/2023 10:05 AMThe shares of eBay Inc., an American online retailer, are correcting at 49.00.
On the daily chart, the price is rising within the global Head and shoulders pattern, moving away from the Neckline of 47.00.
On the four-hour chart, the probability of the beginning of a local correction remains, and the holding of quotes below the July high of 50.00 confirms it. If it is broken, there will be no serious resistance to the movement, and the pattern will continue until the main target of 54.00 is reached.
Technical indicators gave a signal to buy: fast EMAs on the Alligator indicator are above the signal line and expand the range of fluctuations, while the AO histogram forms rising bars in the buying zone.
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