Ebay continue to move within the framework of growth and are testing the resistance level. Moving averages indicate a short-term bullish trend for Ebay. Prices moved up from the area between the signal lines, which indicates pressure from buyers of securities. At the time of publication of the forecast, the share price is 58.29. As part of the forecast, we should expect an attempt to develop a correction and a test of the support level near the 50.55 area. Further, a rebound and continued growth in the value of securities. A potential target of such a movement is the area above the level of 75.05.
Ebay Stock Forecast and Analysis January 29, 2021
An additional signal in favor of the growth of Ebay quotes will be a test of the support line on the relative strength index (RSI). The second signal will be a rebound from the upper border of the descending channel. Cancellation of the growth option for the Ebay share price will be a fall and a breakdown of the level of 48.05. This will indicate a breakdown of the support area and a continued fall into the area at the level of 39.05. Expect acceleration of the growth of shares with the breakdown of the resistance area and closing above the level of 65.05.
Ebay Stock Forecast and Analysis January 29, 2021 assumes the development of a correction and a test of the support area near the 50.55 level. Where can we expect a rebound and an attempt to continue the growth of the pair to the area above the level of 75.05. A test of the trend line on the relative strength index (RSI) will be in favor of raising the currency pair. Cancellation of the growth option for the Ebay index will be a fall and a breakdown of the level of 48.05. This will indicate a breakdown of support and a continued fall in value to the area below the level of 41.05.
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