EBAY broke down of major support

eBay broke down major support at $50 and closed on dead lows at $49.60 on Friday showing relative weakness as markets trading on highs.
Today, it opened with gap and caught some early follow through. Gap open could be new point of reference at $49.30, then we have $49.50 previous low of the day and then $50 psychological level which should act like resistance if sellers want to keep control on price.
I want to see few days of consolidation below, so then we can expect continuation move lower.

Read my earlier thoughts on EBAY in the link below
Поиск торговых идей,
оценка настроений рынка, сценарии и торговые планы.
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