EBAY INC. is part of a very strong downtrend. Traders might consider only trading short (short) positions as long as price remains well below $ 54.21. The next support at 51.41 USD stands as the next bearish target to hit. A bearish breakout of this support would revive the bearish momentum. The bearish movement could then continue towards the next support located at 48.62 USD. Below that support sellers could then aim for 46.19 USD. In the current configuration, it will be advisable to watch for possible bearish excesses that could lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter a position in the direction of the downtrend. It may seem risky to seek to profit by purchasing these possible corrections.
Order cancelled:
Price gapped up before, we took this trade as it's clear on the chart.